A. O. Smith (NYSE:AOS) PT Lowered to $90.00 at Robert W. Baird

A. O. Smith (NYSE:AOS) had its target price dropped by research analysts at Robert W. Baird from $92.00 to $90.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective suggests a potential upside of 9.22% from the company’s previous close.

AOS has been the topic of several other research reports. Citigroup boosted their price objective on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group raised their target price on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th. Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and increased their price objective for the company from $97.00 to $98.00 in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, A. O. Smith has an average rating of “Hold” and a consensus target price of $89.29.

A. O. Smith Stock Performance

Shares of A. O. Smith stock traded up $1.93 on Wednesday, reaching $82.40. The stock had a trading volume of 812,682 shares, compared to its average volume of 942,851. The stock has a market cap of $12.09 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65. A. O. Smith has a fifty-two week low of $64.14 and a fifty-two week high of $92.44. The business’s 50-day moving average price is $83.80 and its two-hundred day moving average price is $83.82.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. A. O. Smith’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, sell-side analysts forecast that A. O. Smith will post 4.09 EPS for the current year.

Institutional Investors Weigh In On A. O. Smith

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings in A. O. Smith by 157.2% during the 2nd quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 283 shares during the last quarter. ORG Partners LLC grew its stake in shares of A. O. Smith by 665.0% during the first quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 532 shares during the last quarter. Twin Tree Management LP increased its holdings in shares of A. O. Smith by 188.9% in the first quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 1,566 shares in the last quarter. Addison Advisors LLC raised its position in A. O. Smith by 28.7% in the 4th quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 204 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after buying an additional 195 shares in the last quarter. 76.10% of the stock is 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.