Smith (A.O.) Corporation (NYSE:AOS) – Equities research analysts at SunTrust Banks increased their FY2017 EPS estimates for Smith (A.O.) Corporation in a report released on Wednesday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $2.13 per share for the year, up from their prior forecast of $2.09. SunTrust Banks has a “Buy” rating and a $65.00 price objective on the stock. SunTrust Banks also issued estimates for Smith (A.O.) Corporation’s Q4 2017 earnings at $0.56 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.69 EPS and FY2019 earnings at $2.66 EPS.
Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Smith (A.O.) Corporation had a return on equity of 22.42% and a net margin of 12.18%. The business had revenue of $749.90 million during the quarter, compared to analysts’ expectations of $741.28 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.
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A number of other research analysts have also issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp reaffirmed a “hold” rating on shares of Smith (A.O.) Corporation in a research note on Tuesday, September 12th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Smith (A.O.) Corporation has a consensus rating of “Hold” and an average price target of $62.80.
Shares of Smith (NYSE:AOS) opened at 59.67 on Friday. Smith has a 1-year low of $43.66 and a 1-year high of $62.16. The stock’s 50 day moving average price is $59.53 and its 200 day moving average price is $55.97. The stock has a market cap of $10.30 billion, a PE ratio of 30.29 and a beta of 1.50.
Several institutional investors and hedge funds have recently bought and sold shares of AOS. Stifel Financial Corp raised its stake in shares of Smith (A.O.) Corporation by 2.2% in the 1st quarter. Stifel Financial Corp now owns 9,478 shares of the industrial products company’s stock worth $484,000 after buying an additional 203 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Smith (A.O.) Corporation by 2.3% in the 1st quarter. Wellington Management Group LLP now owns 137,106 shares of the industrial products company’s stock worth $7,015,000 after buying an additional 3,092 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Smith (A.O.) Corporation by 12.0% in the 1st quarter. Teachers Advisors LLC now owns 543,852 shares of the industrial products company’s stock worth $27,823,000 after buying an additional 58,143 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Smith (A.O.) Corporation by 9.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 27,610 shares of the industrial products company’s stock worth $1,413,000 after buying an additional 2,320 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Smith (A.O.) Corporation in the 1st quarter worth $461,000. 74.03% of the stock is currently owned by institutional investors.
In other news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the sale, the director now owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, October 30th. Smith (A.O.) Corporation’s payout ratio is currently 27.45%.
Smith (A.O.) Corporation Company Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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