A. O. Smith (NYSE:AOS) PT Raised to $75.00

A. O. Smith (NYSE:AOS) had its price objective raised by research analysts at UBS Group from $73.00 to $75.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “sell” rating on the industrial products company’s stock. UBS Group’s price objective points to a potential downside of 7.10% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Robert W. Baird increased their price objective on A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Citigroup boosted their target price on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Stifel Nicolaus reduced their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Jefferies Financial Group boosted their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.43.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $80.73 on Monday. The business’s 50-day simple moving average is $83.37 and its 200-day simple moving average is $83.38. A. O. Smith has a 52 week low of $64.14 and a 52 week high of $89.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.19 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $978.80 million for the quarter, compared to analyst estimates of $995.91 million. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that A. O. Smith will post 4.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On A. O. Smith

Several large investors have recently modified their holdings of AOS. Lecap Asset Management Ltd. acquired a new stake in shares of A. O. Smith during the 4th quarter worth about $1,258,000. Schroder Investment Management Group grew its stake in A. O. Smith by 37.2% during the fourth quarter. Schroder Investment Management Group now owns 623,357 shares of the industrial products company’s stock worth $51,390,000 after buying an additional 168,911 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of A. O. Smith during the fourth quarter worth approximately $4,047,000. Cim LLC bought a new position in shares of A. O. Smith in the fourth quarter valued at approximately $3,165,000. Finally, TD Asset Management Inc boosted its holdings in shares of A. O. Smith by 39.7% in the 4th quarter. TD Asset Management Inc now owns 79,075 shares of the industrial products company’s stock worth $6,519,000 after acquiring an additional 22,483 shares in 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.