Today: The A.O. Smith Corp. (AOS) Given “Buy” Rating at KeyCorp

The A.O. Smith Corp. (AOS) Given “Buy” Rating at KeyCorp

KeyCorp reissued their buy rating on shares of A.O. Smith Corp. (NYSE:AOS) in a report released on Thursday morning. They currently have a $107.00 target price on the stock.

AOS has been the subject of a number of other research reports. Zacks Investment Research raised shares of A.O. Smith Corp. from a sell rating to a hold rating in a report on Friday, July 15th. BMO Capital Markets set a $53.00 target price on shares of A.O. Smith Corp. and gave the stock a buy rating in a report on Monday, August 8th. SunTrust Banks Inc. dropped their target price on shares of A.O. Smith Corp. from $51.50 to $45.00 and set a buy rating for the company in a report on Thursday, July 14th. Jefferies Group dropped their target price on shares of A.O. Smith Corp. from $55.50 to $43.00 and set a buy rating for the company in a report on Friday, September 23rd. Finally, Longbow Research started coverage on shares of A.O. Smith Corp. in a report on Friday, June 17th. They issued a neutral rating for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. A.O. Smith Corp. has a consensus rating of Buy and an average price target of $53.79.

Shares of A.O. Smith Corp. (NYSE:AOS) traded down 2.82% on Thursday, reaching $49.96. 487,630 shares of the company were exchanged. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 14.15 and a beta of 1.36. The company’s 50-day moving average price is $47.99 and its 200 day moving average price is $43.42. A.O. Smith Corp. has a 12 month low of $30.15 and a 12 month high of $51.49.

A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.08. A.O. Smith Corp. had a net margin of 12.23% and a return on equity of 21.57%. The business earned $667 million during the quarter, compared to analysts’ expectations of $696.69 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. A.O. Smith Corp.’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that A.O. Smith Corp. will post $3.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.93%. A.O. Smith Corp.’s dividend payout ratio (DPR) is presently 27.20%.

In related news, insider Wilfridus M. Brouwer sold 6,200 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $93.29, for a total value of $578,398.00. Following the sale, the insider now directly owns 19,449 shares of the company’s stock, valued at $1,814,397.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Smith sold 1,146 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the completion of the sale, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

A number of large investors have recently modified their holdings of AOS. Copper Rock Capital Partners LLC boosted its stake in shares of A.O. Smith Corp. by 8.4% in the third quarter. Copper Rock Capital Partners LLC now owns 4,443 shares of the company’s stock valued at $435,000 after buying an additional 346 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in shares of A.O. Smith Corp. by 1.0% in the second quarter. Evercore Wealth Management LLC now owns 439,975 shares of the company’s stock valued at $38,766,000 after buying an additional 4,568 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of A.O. Smith Corp. during the second quarter valued at $2,420,000. Carnick & Kubik Group LLC purchased a new stake in shares of A.O. Smith Corp. during the second quarter valued at $966,000. Finally, KAMES CAPITAL plc boosted its stake in shares of A.O. Smith Corp. by 5.0% in the second quarter. KAMES CAPITAL plc now owns 887,769 shares of the company’s stock valued at $78,204,000 after buying an additional 42,079 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

A.O. Smith Corp. Company Profile

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