A. O. Smith Corp (NYSE:AOS) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $63.75.
Several equities analysts have recently weighed in on AOS shares. Goldman Sachs Group started coverage on shares of A. O. Smith in a report on Tuesday, October 2nd. They set a “sell” rating and a $50.00 target price for the company. ValuEngine cut shares of A. O. Smith from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research note on Tuesday, October 30th. BMO Capital Markets dropped their price target on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Finally, Robert W. Baird dropped their price target on shares of A. O. Smith from $68.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 10th.
NYSE:AOS opened at $46.21 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.16 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.93 billion, a PE ratio of 21.29, a PEG ratio of 1.46 and a beta of 1.41. A. O. Smith has a 1-year low of $40.34 and a 1-year high of $68.39.
In other A. O. Smith news, Director Paul W. Jones sold 9,000 shares of A. O. Smith stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $45.99, for a total transaction of $413,910.00. Following the sale, the director now owns 200,967 shares of the company’s stock, valued at approximately $9,242,472.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.28% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AOS. Morgan Stanley boosted its stake in A. O. Smith by 531.8% during the 2nd quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock worth $205,741,000 after purchasing an additional 2,927,749 shares during the last quarter. Millennium Management LLC acquired a new position in shares of A. O. Smith during the 2nd quarter valued at about $54,005,000. DF Dent & Co. Inc. acquired a new position in shares of A. O. Smith during the 3rd quarter valued at about $33,723,000. Marshall Wace LLP acquired a new position in shares of A. O. Smith during the 3rd quarter valued at about $31,802,000. Finally, Brown Advisory Inc. boosted its position in shares of A. O. Smith by 11.6% during the 3rd quarter. Brown Advisory Inc. now owns 5,170,181 shares of the industrial products company’s stock valued at $275,932,000 after acquiring an additional 537,803 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.
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