A. O. Smith (AOS) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of A. O. Smith (NYSE:AOS) from a sell rating to a hold rating in a research report sent to investors on Monday, ValuEngine reports.

Other equities research analysts have also issued reports about the stock. Oppenheimer reissued a hold rating on shares of A. O. Smith in a report on Tuesday, January 29th. Boenning Scattergood reissued a buy rating on shares of A. O. Smith in a report on Tuesday, January 29th. Zacks Investment Research lowered shares of A. O. Smith from a hold rating to a sell rating in a report on Wednesday, December 5th. KeyCorp increased their target price on shares of A. O. Smith from $53.00 to $60.00 and gave the stock an overweight rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets lowered shares of A. O. Smith from an outperform rating to a market perform rating and set a $53.00 target price for the company. in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. A. O. Smith presently has an average rating of Hold and a consensus target price of $62.30.

A. O. Smith stock opened at $53.99 on Monday. The company has a market capitalization of $9.06 billion, a P/E ratio of 20.69, a PEG ratio of 1.74 and a beta of 1.39. A. O. Smith has a 12-month low of $40.34 and a 12-month high of $66.21. The company has a quick ratio of 1.70, a current ratio of 2.09 and a debt-to-equity ratio of 0.13.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $812.50 million during the quarter, compared to analyst estimates of $821.35 million. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Analysts forecast that A. O. Smith will post 2.72 EPS for the current year.

In other A. O. Smith news, SVP Paul R. Dana sold 4,836 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $49.50, for a total transaction of $239,382.00. Following the completion of the sale, the senior vice president now directly owns 5,891 shares of the company’s stock, valued at approximately $291,604.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul W. Jones sold 20,000 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $49.00, for a total transaction of $980,000.00. Following the sale, the director now directly owns 180,967 shares of the company’s stock, valued at $8,867,383. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,036 shares of company stock valued at $1,879,646. Insiders own 1.03% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AOS. Norges Bank purchased a new stake in A. O. Smith during the 4th quarter valued at approximately $122,493,000. Two Sigma Investments LP grew its holdings in A. O. Smith by 432.1% during the 4th quarter. Two Sigma Investments LP now owns 2,075,448 shares of the industrial products company’s stock valued at $88,622,000 after buying an additional 1,685,430 shares in the last quarter. Two Sigma Advisers LP grew its holdings in A. O. Smith by 676.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,910,897 shares of the industrial products company’s stock valued at $81,595,000 after buying an additional 1,664,800 shares in the last quarter. Impax Asset Management Group plc grew its holdings in A. O. Smith by 51.1% during the 4th quarter. Impax Asset Management Group plc now owns 4,283,691 shares of the industrial products company’s stock valued at $182,914,000 after buying an additional 1,448,313 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of A. O. Smith by 285.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock valued at $82,239,000 after purchasing an additional 1,426,033 shares in the last quarter. 76.65% 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, 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; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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Analyst Recommendations for A. O. Smith (NYSE:AOS)

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