A. O. Smith (NYSE:AOS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of A. O. Smith (NYSE:AOS) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other research firms have also commented on AOS. Oppenheimer raised shares of A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a report on Tuesday. Stifel Nicolaus reduced their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Citigroup reduced their price target on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, DA Davidson cut shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $83.14.

A. O. Smith Stock Down 0.3 %

AOS opened at $71.06 on Wednesday. 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 business’s fifty day simple moving average is $71.49 and its 200 day simple moving average is $78.43. A. O. Smith has a 52 week low of $67.17 and a 52 week high of $92.44. The stock has a market cap of $10.30 billion, a PE ratio of 18.70, a P/E/G ratio of 1.68 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting 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 company had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. During the same period last year, the firm posted $0.90 EPS. As a group, research analysts expect that A. O. Smith will post 3.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On A. O. Smith

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in A. O. Smith in the 3rd quarter worth $1,726,000. Bank of Montreal Can grew its stake in shares of A. O. Smith by 37.6% in the 2nd quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock worth $15,409,000 after buying an additional 50,798 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in A. O. Smith during the second quarter worth approximately $1,372,000. Geode Capital Management LLC lifted its stake in shares of A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock valued at $321,348,000 after purchasing an additional 52,593 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in A. O. Smith during the third quarter worth $730,000. Institutional investors own 76.10% of the company’s stock.

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.