Smith (A.O.) Corporation (NYSE:AOS)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Wednesday. They presently have a $64.00 price objective on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 5.98% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $56.00 price target on shares of Smith (A.O.) Corporation in a research report on Friday, August 11th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Smith (A.O.) Corporation in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.33.

Smith (NYSE AOS) traded up 0.70% during mid-day trading on Wednesday, hitting $60.81. The stock had a trading volume of 276,447 shares. The firm has a market cap of $10.49 billion, a PE ratio of 30.87 and a beta of 1.50. Smith has a 52 week low of $43.66 and a 52 week high of $60.94. The company’s 50 day moving average price is $56.73 and its 200 day moving average price is $54.83.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The company had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. During the same period in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Smith will post $2.11 earnings per share for the current year.

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In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares in the company, valued at $14,988,659.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.27% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC lifted its stake in shares of Smith (A.O.) Corporation by 289.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock valued at $30,995,000 after acquiring an additional 409,093 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Smith (A.O.) Corporation by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 191 shares during the period. Ecofin Ltd. boosted its holdings in Smith (A.O.) Corporation by 3.7% during the 2nd quarter. Ecofin Ltd. now owns 524,291 shares of the industrial products company’s stock valued at $29,533,000 after acquiring an additional 18,463 shares during the period. WINTON GROUP Ltd boosted its holdings in Smith (A.O.) Corporation by 22.1% during the 2nd quarter. WINTON GROUP Ltd now owns 4,378 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 793 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Smith (A.O.) Corporation during the 2nd quarter valued at about $124,000. Hedge funds and other institutional investors own 74.00% of the company’s stock.

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.

Analyst Recommendations for Smith (A.O.) Corporation (NYSE:AOS)

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