A. O. Smith (NYSE:AOS) Price Target Lowered to $72.00 at Robert W. Baird

A. O. Smith (NYSE:AOSGet Rating) had its target price reduced by equities researchers at Robert W. Baird from $79.00 to $72.00 in a report released on Friday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 20.26% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. StockNews.com assumed coverage on shares of A. O. Smith in a research report on Thursday, March 31st. They set a “buy” rating for the company. Stifel Nicolaus decreased their price target on shares of A. O. Smith from $80.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, A. O. Smith has an average rating of “Hold” and a consensus price target of $77.00.

Shares of AOS stock opened at $59.87 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.57. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.08 and a beta of 1.18. A. O. Smith has a 52 week low of $58.37 and a 52 week high of $86.74. The company has a 50-day simple moving average of $66.16 and a 200 day simple moving average of $73.72.

A. O. Smith (NYSE:AOSGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The company had revenue of $977.70 million during the quarter, compared to the consensus estimate of $967.05 million. A. O. Smith had a net margin of 13.76% and a return on equity of 26.35%. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Sell-side analysts forecast that A. O. Smith will post 3.54 EPS for the current year.

In related news, Director Michael M. Larsen acquired 3,925 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average price of $69.87 per share, for a total transaction of $274,239.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AOS. State Street Corp grew its holdings in shares of A. O. Smith by 9.3% during the 4th quarter. State Street Corp now owns 8,910,065 shares of the industrial products company’s stock worth $764,929,000 after acquiring an additional 754,557 shares during the period. Impax Asset Management Group plc boosted its position in shares of A. O. Smith by 6.4% in the 4th quarter. Impax Asset Management Group plc now owns 2,944,478 shares of the industrial products company’s stock worth $252,783,000 after purchasing an additional 177,678 shares in the last quarter. Geode Capital Management LLC lifted its position in A. O. Smith by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 2,918,458 shares of the industrial products company’s stock valued at $249,989,000 after acquiring an additional 220,019 shares in the last quarter. Invesco Ltd. lifted its position in A. O. Smith by 1.6% in the 3rd quarter. Invesco Ltd. now owns 2,823,404 shares of the industrial products company’s stock valued at $172,426,000 after acquiring an additional 43,806 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in A. O. Smith by 16.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,332,888 shares of the industrial products company’s stock valued at $149,048,000 after acquiring an additional 330,660 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

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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