A. O. Smith (NYSE:AOS) Price Target Cut to $91.00

A. O. Smith (NYSE:AOS) had its price target dropped by stock analysts at Stifel Nicolaus from $92.00 to $91.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.68% from the stock’s previous close.

AOS has been the topic of a number of other reports. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird decreased their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a report on Wednesday. Finally, UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.71.

A. O. Smith Stock Up 0.0 %

Shares of NYSE AOS opened at $77.33 on Wednesday. The stock has a market capitalization of $11.34 billion, a PE ratio of 20.03, a P/E/G ratio of 2.30 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $82.53 and a 200-day moving average of $83.44. A. O. Smith has a 52-week low of $65.08 and a 52-week high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same period in the prior year, the firm posted $0.90 earnings per share. On average, analysts anticipate that A. O. Smith will post 3.78 EPS for the current year.

Insider Buying and Selling at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the completion of the sale, the senior vice president now owns 2,399 shares of the company’s stock, valued at approximately $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AOS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of A. O. Smith by 11.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 225,930 shares of the industrial products company’s stock worth $20,212,000 after purchasing an additional 22,859 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in A. O. Smith during the second quarter worth about $228,000. Cetera Investment Advisers lifted its holdings in A. O. Smith by 222.0% in the first quarter. Cetera Investment Advisers now owns 25,255 shares of the industrial products company’s stock worth $2,259,000 after acquiring an additional 17,411 shares during the last quarter. Intech Investment Management LLC boosted its stake in A. O. Smith by 84.8% in the first quarter. Intech Investment Management LLC now owns 51,518 shares of the industrial products company’s stock valued at $4,609,000 after acquiring an additional 23,640 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of A. O. Smith by 119.8% during the first quarter. Tidal Investments LLC now owns 21,400 shares of the industrial products company’s stock valued at $1,914,000 after purchasing an additional 11,663 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.