Brokerages Set A. O. Smith Co. (NYSE:AOS) PT at $90.67

Shares of A. O. Smith Co. (NYSE:AOS) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $90.67.

A number of research analysts have recently commented on AOS shares. Robert W. Baird upped their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Citigroup upped their price objective on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. Finally, Jefferies Financial Group increased their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th.

Hedge Funds Weigh In On A. O. Smith

Several hedge funds have recently modified their holdings of the stock. ORG Partners LLC increased its holdings in A. O. Smith by 665.0% in the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after buying an additional 532 shares during the period. Twin Tree Management LP increased its holdings in A. O. Smith by 188.9% in the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock worth $66,000 after buying an additional 1,566 shares during the period. Addison Advisors LLC increased its holdings in A. O. Smith by 28.7% in the 4th quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock worth $76,000 after buying an additional 204 shares during the period. Covestor Ltd increased its holdings in A. O. Smith by 39.2% in the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after buying an additional 339 shares during the period. Finally, Signaturefd LLC increased its holdings in A. O. Smith by 25.5% in the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Trading Down 0.3 %

NYSE AOS opened at $81.78 on Friday. The company’s 50-day moving average price is $83.96 and its 200-day moving average price is $83.34. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.99 billion, a PE ratio of 21.19, a PEG ratio of 2.23 and a beta of 1.18. A. O. Smith has a 12 month low of $64.14 and a 12 month high of $89.96.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The firm had revenue of $978.80 million for the quarter, compared to analysts’ expectations of $995.91 million. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Equities research analysts forecast that A. O. Smith will post 4.08 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.16%.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.