Smith (A.O.) Corporation (NYSE:AOS)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research report issued to clients and investors on Tuesday.

AOS has been the subject of a number of other reports. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price target on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Jefferies Group LLC set a $60.00 price target on Smith (A.O.) Corporation and gave the company a “buy” rating in a research report on Thursday, June 1st. Robert W. Baird set a $61.00 price target on Smith (A.O.) Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Smith (A.O.) Corporation currently has an average rating of “Buy” and a consensus price target of $66.83.

Smith (AOS) traded up 1.11% on Tuesday, reaching $58.17. The company’s stock had a trading volume of 690,138 shares. The company has a market cap of $10.04 billion, a P/E ratio of 29.53 and a beta of 1.49. Smith has a 52-week low of $43.66 and a 52-week high of $58.24. The firm’s 50-day moving average price is $54.60 and its 200 day moving average price is $53.86.

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

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In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the transaction, the director now directly owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AOS. BlackRock Inc. grew its holdings in Smith (A.O.) Corporation by 4,592.7% during the first quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock valued at $668,415,000 after purchasing an additional 12,786,787 shares during the period. Janus Henderson Group PLC grew its holdings in Smith (A.O.) Corporation by 49,147.8% during the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock valued at $429,879,000 after purchasing an additional 7,615,943 shares during the period. Janus Capital Management LLC grew its holdings in Smith (A.O.) Corporation by 18.5% during the first quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock valued at $427,184,000 after purchasing an additional 1,306,490 shares during the period. Alliancebernstein L.P. grew its holdings in Smith (A.O.) Corporation by 38.1% during the first quarter. Alliancebernstein L.P. now owns 3,679,499 shares of the industrial products company’s stock valued at $188,243,000 after purchasing an additional 1,014,464 shares during the period. Finally, State Street Corp grew its holdings in Smith (A.O.) Corporation by 12.5% during the first quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock valued at $360,634,000 after purchasing an additional 781,403 shares during the period. 74.10% of the stock is owned by institutional investors and hedge funds.

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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