SunTrust Robinson Humphrey Maintains A. O. Smith Corp to Buy with Price Target $103.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on A. O. Smith Corp(NYSE:AOS). In a research note issued to the investors, the brokerage major Raises the price-target to $103.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 14, 2016.

In a different note, Longbow Research said it Initiates Coverage on A. O. Smith Corp, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Neutral’ by the firm.

A. O. Smith Corp (AOS) made into the market gainers list on Mondays trading session with the shares advancing 0.43% or 0.39 points. Due to strong positive momentum, the stock ended at $91.35, which is also near the day’s high of $91.68. The stock began the session at $91 and the volume stood at 2,50,843 shares. The 52-week high of the shares is $91.9 and the 52 week low is $50.09. The company has a current market capitalization of $7,997 M and it has 8,75,44,304 shares in outstanding.

A. O. Smith Corp has also declared a cash dividend of $0.2400 on Jul 11, 2016. The shares will quote ex-dividend on Jul 27, 2016 and the record date has been fixed on Jul 29, 2016. The dividend payable date has been fixed on Aug 15, 2016.

A. O. Smith Corp(AOS) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $636.90M. Analysts had an estimated revenue of $646.26M. Earnings per share were $0.83. Analysts had estimated an EPS of $0.77.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Peter R Martineau (Senior Vice President – CIO) sold 3,800 shares at $83.10 per share price.Also, On May 26, 2016, Ajita G Rajendra (Chairman and CEO) sold 5,000 shares at $83.70 per share price.On May 25, 2016, Charles T Lauber (SVP, Strategy & Corporate Dev.) sold 1,072 shares at $83.54 per share price, according to the Form-4 filing with the securities and exchange commission.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company 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.

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