Latest Stocks: Jefferies Group LLC Analysts Give A. O. Smith Corp (AOS) a $60.00 Price Target

Latest Stocks: Jefferies Group LLC Analysts Give A. O. Smith Corp (AOS) a $60.00 Price Target

Jefferies Group LLC set a $60.00 price objective on A. O. Smith Corp (NYSE:AOS) in a report issued on Thursday morning. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on AOS. Stifel Nicolaus lifted their price objective on A. O. Smith Corp from $49.00 to $50.00 and gave the company a hold rating in a report on Friday, February 3rd. Zacks Investment Research raised A. O. Smith Corp from a hold rating to a buy rating and set a $53.00 price objective on the stock in a report on Monday, February 6th. Finally, KeyCorp reaffirmed a sector weight rating on shares of A. O. Smith Corp in a report on Friday, April 28th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $62.00.

Shares of A. O. Smith Corp (NYSE:AOS) opened at 56.17 on Thursday. A. O. Smith Corp has a 12 month low of $40.51 and a 12 month high of $56.61. The stock’s 50 day moving average price is $53.68 and its 200-day moving average price is $50.53. The firm has a market capitalization of $9.72 billion, a PE ratio of 28.95 and a beta of 1.42.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, April 26th. A. O. Smith Corp’s payout ratio is currently 30.35%. In other news, insider Mark A. Petrarca sold 20,800 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $53.88, for a total value of $1,120,704.00. Following the transaction, the insider now directly owns 103,449 shares of the company’s stock, valued at approximately $5,573,832.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patricia K. Ackerman sold 7,406 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $49.40, for a total value of $365,856.40. Following the completion of the transaction, the vice president now directly owns 3,908 shares in the company, valued at $193,055.20. The disclosure for this sale can be found here. Insiders sold a total of 153,334 shares of company stock worth $8,326,534 over the last three months. 1.76% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AOS. Korea Investment CORP acquired a new position in shares of A. O. Smith Corp during the first quarter valued at approximately $102,000. Van ECK Associates Corp increased its position in shares of A. O. Smith Corp by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares during the last quarter. Creative Planning increased its position in shares of A. O. Smith Corp by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of A. O. Smith Corp by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock valued at $166,000 after buying an additional 22 shares during the last quarter. Finally, FTB Advisors Inc. increased its position in shares of A. O. Smith Corp by 100.0% in the first quarter. FTB Advisors Inc. now owns 3,500 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,750 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds. A. O. Smith Corp Company Profile

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