KeyCorp restated their buy rating on shares of A.O. Smith Corp. (NYSE:AOS) in a report published on Thursday. The brokerage currently has a $107.00 price target on the stock.

A number of other equities analysts have also issued reports on the company. Jefferies Group lowered their price target on A.O. Smith Corp. from $55.50 to $43.00 and set a buy rating on the stock in a report on Friday, September 23rd. BMO Capital Markets set a $53.00 price objective on shares of A.O. Smith Corp. and gave the company a buy rating in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of A.O. Smith Corp. from a hold rating to a buy rating and set a $52.50 price objective for the company in a research report on Thursday, July 28th. SunTrust Banks Inc. reduced their price objective on shares of A.O. Smith Corp. from $51.50 to $45.00 and set a buy rating for the company in a research report on Thursday, July 14th. Finally, Longbow Research began coverage on shares of A.O. Smith Corp. in a research 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. The company currently has a consensus rating of Buy and a consensus target price of $53.79.

A.O. Smith Corp. (NYSE:AOS) traded down 2.82% during trading on Thursday, reaching $49.96. The company had a trading volume of 487,630 shares. A.O. Smith Corp. has a 1-year low of $30.15 and a 1-year high of $51.49. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 14.15 and a beta of 1.36. The firm has a 50-day moving average of $47.99 and a 200-day moving average of $43.42.

A.O. Smith Corp. (NYSE:AOS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.08. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The firm had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. During the same quarter last year, the company posted $0.79 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that A.O. Smith Corp. will post $3.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given 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 is 27.20%.

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

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of A.O. Smith Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 445,808 shares of the company’s stock worth $34,019,000 after buying an additional 24,477 shares in the last quarter. BARING ASSET MANAGEMENT Ltd boosted its position in shares of A.O. Smith Corp. by 12.8% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 116,253 shares of the company’s stock worth $10,243,000 after buying an additional 13,220 shares in the last quarter. Smith Asset Management Group LP boosted its position in shares of A.O. Smith Corp. by 0.7% in the second quarter. Smith Asset Management Group LP now owns 173,639 shares of the company’s stock worth $15,299,000 after buying an additional 1,257 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of A.O. Smith Corp. by 6.6% in the second quarter. Handelsbanken Fonder AB now owns 292,650 shares of the company’s stock worth $25,785,000 after buying an additional 18,000 shares in the last quarter. Finally, Robecosam AG boosted its position in shares of A.O. Smith Corp. by 44.0% in the first quarter. Robecosam AG now owns 470,997 shares of the company’s stock worth $35,994,000 after buying an additional 143,971 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.

A.O. Smith Corp. Company Profile

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

5 Day Chart for NYSE:AOS

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