A. O. Smith Corp (NYSE:AOS) – Analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for shares of A. O. Smith in a research note issued on Tuesday, January 29th, according to Zacks Investment Research. Oppenheimer analyst B. Blair expects that the industrial products company will post earnings per share of $0.55 for the quarter. Oppenheimer currently has a “Hold” rating on the stock.
Other analysts also recently issued research reports about the company. Boenning Scattergood restated a “buy” rating on shares of A. O. Smith in a research report on Tuesday, January 29th. Stephens began coverage on A. O. Smith in a research note on Monday, November 19th. They issued an “equal weight” rating and a $50.00 price target on the stock. ValuEngine raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, BMO Capital Markets cut A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research note on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $62.56.
NYSE:AOS traded up $0.57 during mid-day trading on Friday, reaching $53.18. The stock had a trading volume of 1,555,544 shares, compared to its average volume of 1,700,759. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.73 and a beta of 1.37. A. O. Smith has a one year low of $40.34 and a one year high of $66.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.09 and a quick ratio of 1.70.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $812.50 million during the quarter, compared to the consensus estimate of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS.
Large investors have recently made changes to their positions in the company. Bremer Trust National Association purchased a new stake in A. O. Smith during the fourth quarter valued at $26,000. Quantamental Technologies LLC purchased a new stake in A. O. Smith during the fourth quarter valued at $33,000. CSat Investment Advisory L.P. increased its position in A. O. Smith by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 589 shares during the last quarter. ETF Managers Group LLC increased its position in A. O. Smith by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,050 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 279 shares during the last quarter. Finally, Private Capital Group LLC increased its position in A. O. Smith by 12.5% during the fourth quarter. Private Capital Group LLC now owns 2,080 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 231 shares during the last quarter. 76.63% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Paul W. Jones sold 20,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $49.00, for a total transaction of $980,000.00. Following the transaction, the director now directly owns 180,967 shares of the company’s stock, valued at $8,867,383. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul R. Dana sold 4,836 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $49.50, for a total value of $239,382.00. Following the transaction, the senior vice president now directly owns 5,891 shares in the company, valued at $291,604.50. The disclosure for this sale can be found here. Insiders sold 38,036 shares of company stock worth $1,879,646 over the last three months. Corporate insiders own 1.28% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is 33.72%.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.