A. O. Smith (NYSE:AOS) Given New $79.00 Price Target at Robert W. Baird

A. O. Smith (NYSE:AOSGet Rating) had its price objective lowered by Robert W. Baird from $84.00 to $79.00 in a research report issued on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would suggest a potential upside of 22.10% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of A. O. Smith in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research note on Wednesday, December 15th. Finally, Zacks Investment Research cut shares of A. O. Smith from a “strong-buy” rating to a “hold” rating and set a $89.00 price objective for the company. in a research note on Tuesday, December 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.20.

AOS opened at $64.70 on Tuesday. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.97 and a beta of 1.18. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $68.06 and a 200-day moving average price of $73.67. A. O. Smith has a twelve month low of $60.39 and a twelve month high of $86.74.

A. O. Smith (NYSE:AOSGet Rating) last posted its earnings results on Thursday, January 27th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. The firm had revenue of $995.50 million during the quarter, compared to the consensus estimate of $963.75 million. A. O. Smith had a net margin of 13.76% and a return on equity of 26.35%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, sell-side analysts expect that A. O. Smith will post 3.55 earnings per share for the current fiscal year.

In related news, Director Michael M. Larsen bought 3,925 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average cost of $69.87 per share, for a total transaction of $274,239.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. CI Investments Inc. lifted its holdings in shares of A. O. Smith by 2.1% in the 3rd quarter. CI Investments Inc. now owns 6,217 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 126 shares during the last quarter. ING Groep NV lifted its holdings in shares of A. O. Smith by 1.3% in the 3rd quarter. ING Groep NV now owns 11,183 shares of the industrial products company’s stock worth $683,000 after acquiring an additional 139 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of A. O. Smith by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 30,219 shares of the industrial products company’s stock worth $1,845,000 after acquiring an additional 150 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of A. O. Smith by 60.4% in the 4th quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 169 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of A. O. Smith by 0.6% in the 4th quarter. American International Group Inc. now owns 40,002 shares of the industrial products company’s stock worth $3,434,000 after acquiring an additional 236 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

About A. O. Smith (Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.

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