Stifel Nicolaus Lowers A. O. Smith (NYSE:AOS) Price Target to $90.00

A. O. Smith (NYSE:AOS) had its price objective lowered by equities research analysts at Stifel Nicolaus from $91.00 to $90.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 8.16% from the company’s current price.

Other research analysts have also issued research reports about the company. Citigroup lifted their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird lifted their price target on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Jefferies Financial Group boosted their target price on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.67.

A. O. Smith Trading Up 0.5 %

Shares of AOS stock opened at $83.21 on Friday. A. O. Smith has a 12-month low of $63.88 and a 12-month high of $89.96. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $85.71 and its 200-day moving average price is $79.92. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.25 and a beta of 1.25.

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, topping the consensus estimate of $0.99 by $0.01. The company had revenue of $978.80 million during the quarter, compared to analyst estimates of $995.91 million. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. Equities research analysts predict that A. O. Smith will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at A. O. Smith

In related news, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares in the company, valued at $3,691,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ajita G. Rajendra sold 60,258 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $84.51, for a total value of $5,092,403.58. Following the completion of the sale, the director now owns 56,951 shares in the company, valued at $4,812,929.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The disclosure for this sale can be found here. Insiders sold 95,631 shares of company stock worth $8,042,535 over the last 90 days. Company insiders own 2.70% of the company’s stock.

Institutional Trading of A. O. Smith

Large investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its stake in A. O. Smith by 628.0% in the third quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after buying an additional 515 shares in the last quarter. Addison Advisors LLC raised its stake in A. O. Smith by 36.1% in the third quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after buying an additional 189 shares in the last quarter. Private Trust Co. NA raised its stake in A. O. Smith by 393.1% in the third quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after buying an additional 684 shares in the last quarter. Signaturefd LLC raised its stake in A. O. Smith by 25.5% in the fourth 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. Finally, Covestor Ltd raised its stake in A. O. Smith by 39.2% in the third quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after buying an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.