A. O. Smith (NYSE:AOS) Price Target Lowered to $73.00 at Citigroup

A. O. Smith (NYSE:AOS) had its target price reduced by Citigroup from $78.00 to $73.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

AOS has been the subject of several other reports. Robert W. Baird decreased their price objective 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, October 23rd. DA Davidson lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus cut their target price on A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Finally, UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and a consensus target price of $82.33.

A. O. Smith Trading Up 1.8 %

NYSE:AOS opened at $68.77 on Monday. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.92 and a beta of 1.18. A. O. Smith has a 52 week low of $67.17 and a 52 week high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $71.58 and a 200 day moving average of $78.51.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The firm had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter last year, the firm earned $0.90 EPS. As a group, sell-side analysts anticipate that A. O. Smith will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOS. State Street Corp raised its stake in shares of A. O. Smith by 4.0% during the 3rd quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock valued at $693,630,000 after buying an additional 299,766 shares during the last quarter. Select Equity Group L.P. grew its holdings in A. O. Smith by 11.6% during the second quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company’s stock worth $315,055,000 after acquiring an additional 400,304 shares during the period. Geode Capital Management LLC raised its position in A. O. Smith by 1.5% during the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock valued at $321,348,000 after acquiring an additional 52,593 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in A. O. Smith by 3.9% in the third quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock valued at $206,848,000 after acquiring an additional 87,458 shares during the period. Finally, Earnest Partners LLC boosted its position in A. O. Smith by 3.7% in the 2nd quarter. Earnest Partners LLC now owns 2,046,798 shares of the industrial products company’s stock worth $167,387,000 after purchasing an additional 72,856 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Company Profile

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.