A. O. Smith (NYSE:AOS) Given “Hold (C)” Rating at Weiss Ratings

A. O. Smith (NYSE:AOS)‘s stock had its “hold (c)” rating reiterated by analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer raised shares of A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a report on Tuesday, January 14th. Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Robert W. Baird decreased their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. Six equities research 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, the company currently has an average rating of “Hold” and a consensus price target of $83.14.

A. O. Smith Stock Performance

Shares of A. O. Smith stock traded up $0.47 during mid-day trading on Friday, hitting $71.87. 1,285,710 shares of the stock were exchanged, compared to its average volume of 842,383. The company has a market capitalization of $10.42 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The company has a 50-day simple moving average of $71.23 and a 200 day simple moving average of $78.26. A. O. Smith has a 12 month low of $67.17 and a 12 month high of $92.44.

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 the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Sell-side analysts anticipate that A. O. Smith will post 3.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On A. O. Smith

Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in A. O. Smith during the third quarter worth about $1,726,000. Bank of Montreal Can grew its holdings in shares of A. O. Smith by 37.6% during the second quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock worth $15,409,000 after purchasing an additional 50,798 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of A. O. Smith in the second quarter worth approximately $1,372,000. Geode Capital Management LLC raised its stake in A. O. Smith by 1.5% in 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 purchasing an additional 52,593 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in A. O. Smith during the third quarter valued at approximately $730,000. 76.10% of the stock is currently owned by institutional investors.

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.