2 weeks Ago By Defense World Staff
A. O. Smith ( NYSE:AOS – Get Free Report ) was downgraded by StockNews.
com from a “buy” rating to a “hold” rating in a report issued on Monday. Several other analysts have also issued reports on AOS. Stifel Nicolaus upgraded shares of A.
O. Smith from a “hold” rating to a “buy” rating and boosted their target price for the company from $97.00 to $98.
00 in a research report on Wednesday, July 24th. Robert W. Baird cut their price objective on A.
O. Smith from $92.00 to $90.
00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, UBS Group raised their target price on shares of A. O.
Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, July 8th.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.
67. Read Our Latest Stock Analysis on A. O.
Smith A. O. Smith Trading Down 0.
8 % A. O. Smith ( NYSE:AOS – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 23rd.
The industrial products company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.
01). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion.
A. O. Smith had a net margin of 14.
67% and a return on equity of 31.04%. The firm’s quarterly revenue was up 6.
6% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS.
On average, equities analysts anticipate that A. O. Smith will post 4.
07 EPS for the current fiscal year. Insider Buying and Selling at A. O.
Smith In other A. O. Smith news, SVP Samuel M.
Carver sold 14,705 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.
00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at $194,319. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link .
Insiders own 2.70% of the company’s stock. Hedge Funds Weigh In On A.
O. Smith Several hedge funds have recently made changes to their positions in AOS. Mitsubishi UFJ Asset Management Co.
Ltd. boosted its holdings in A. O.
Smith by 11.3% in the first quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 225,930 shares of the industrial products company’s stock valued at $20,212,000 after purchasing an additional 22,859 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of A.
O. Smith by 37.2% in the 4th quarter.
Schroder Investment Management Group now owns 623,357 shares of the industrial products company’s stock valued at $51,390,000 after purchasing an additional 168,911 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in A. O.
Smith in the second quarter valued at $228,000. TD Asset Management Inc boosted its stake in shares of A. O.
Smith by 39.7% during the 4th quarter. TD Asset Management Inc now owns 79,075 shares of the industrial products company’s stock worth $6,519,000 after acquiring an additional 22,483 shares in the last quarter.
Finally, Cim LLC acquired a new stake in shares of A. O. Smith during the 4th quarter valued at about $3,165,000.
76.10% of the stock is owned by institutional investors and hedge funds. A.
O. Smith Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than A.
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