A. O. Smith Corp (NYSE:AOS) – Investment analysts at Boenning Scattergood issued their Q1 2020 earnings per share estimates for A. O. Smith in a report released on Wednesday, May 1st, Zacks Investment Research reports. Boenning Scattergood analyst R. Connors expects that the industrial products company will post earnings of $0.58 per share for the quarter. Boenning Scattergood has a “Neutral” rating and a $52.98 price target on the stock. Boenning Scattergood also issued estimates for A. O. Smith’s Q2 2020 earnings at $0.68 EPS and Q4 2020 earnings at $0.89 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research report on Thursday. Edward Jones downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. ValuEngine downgraded A. O. Smith from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, Robert W. Baird increased their price target on A. O. Smith from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.25.
A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The company had revenue of $748.20 million for the quarter, compared to the consensus estimate of $764.16 million. A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in A. O. Smith by 36.5% in the fourth quarter. Nordea Investment Management AB now owns 504,897 shares of the industrial products company’s stock valued at $21,560,000 after buying an additional 135,136 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in A. O. Smith in the fourth quarter valued at about $276,000. Nomura Asset Management Co. Ltd. raised its stake in A. O. Smith by 306.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 177,427 shares of the industrial products company’s stock valued at $7,576,000 after buying an additional 133,817 shares during the last quarter. Highland Capital Management LLC purchased a new stake in A. O. Smith in the fourth quarter valued at about $612,000. Finally, State of Alaska Department of Revenue raised its stake in A. O. Smith by 12.6% in the fourth quarter. State of Alaska Department of Revenue now owns 34,260 shares of the industrial products company’s stock valued at $1,462,000 after buying an additional 3,824 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.
In related news, VP Paul R. Dana sold 9,010 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the sale, the vice president now directly owns 14,912 shares in the company, valued at approximately $786,757.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul W. Jones sold 1,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $49.50, for a total value of $49,500.00. Following the sale, the director now owns 182,266 shares of the company’s stock, valued at $9,022,167. The disclosure for this sale can be found here. Insiders have sold a total of 18,010 shares of company stock valued at $944,468 over the last 90 days. 1.03% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, April 29th. A. O. Smith’s payout ratio is 33.72%.
A. O. Smith Company Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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