A. O. Smith (NYSE:AOS) had its price objective cut by equities researchers at BMO Capital Markets from $73.00 to $66.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 37.24% from the company’s previous close.
AOS has been the topic of several other reports. SunTrust Banks reaffirmed a “buy” rating and issued a $71.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th. Zacks Investment Research downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Robert W. Baird lowered their price target on A. O. Smith from $68.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 10th. Goldman Sachs Group began coverage on A. O. Smith in a research report on Tuesday, October 2nd. They issued a “sell” rating and a $50.00 price target on the stock. Finally, Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. A. O. Smith has a consensus rating of “Hold” and an average target price of $65.75.
Shares of NYSE:AOS opened at $48.09 on Wednesday. The stock has a market capitalization of $7.80 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43. A. O. Smith has a 52-week low of $40.34 and a 52-week high of $68.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.77 and a current ratio of 2.16.
A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The business had revenue of $754.10 million during the quarter, compared to analyst estimates of $805.92 million. A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, sell-side analysts predict that A. O. Smith will post 2.59 earnings per share for the current year.
In related news, Director Paul W. Jones sold 4,591 shares of A. O. Smith stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total transaction of $270,501.72. Following the sale, the director now directly owns 214,558 shares of the company’s stock, valued at $12,641,757.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.28% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in AOS. Morgan Stanley grew its position in A. O. Smith by 531.8% during the second quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock worth $205,741,000 after buying an additional 2,927,749 shares in the last quarter. Millennium Management LLC acquired a new stake in A. O. Smith during the second quarter worth about $54,005,000. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in A. O. Smith by 38.1% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,596,018 shares of the industrial products company’s stock worth $85,179,000 after purchasing an additional 440,720 shares during the period. Dudley & Shanley Inc. lifted its stake in A. O. Smith by 957.0% during the third quarter. Dudley & Shanley Inc. now owns 417,994 shares of the industrial products company’s stock worth $22,308,000 after purchasing an additional 378,450 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in A. O. Smith by 114.9% during the second quarter. OppenheimerFunds Inc. now owns 668,615 shares of the industrial products company’s stock worth $39,549,000 after purchasing an additional 357,541 shares during the period. 75.40% 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, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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