A. O. Smith (NYSE:AOS) Price Target Cut to $90.00 by Analysts at Stifel Nicolaus

A. O. Smith (NYSE:AOS) had its price objective decreased by equities research analysts at Stifel Nicolaus from $91.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 23.94% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Citigroup reduced their target price on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Monday. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Robert W. Baird lowered their target price on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.17.

A. O. Smith Stock Performance

Shares of AOS opened at $72.62 on Wednesday. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16. The company’s fifty day moving average is $76.49 and its 200-day moving average is $80.68. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. A. O. Smith has a 12 month low of $70.73 and a 12 month high of $92.44.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The firm had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. During the same period in the prior year, the business posted $0.90 earnings per share. Equities analysts expect that A. O. Smith will post 3.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in A. O. Smith during the third quarter worth about $1,726,000. Sanctuary Advisors LLC lifted its position in shares of A. O. Smith by 11.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,370 shares of the industrial products company’s stock worth $1,650,000 after acquiring an additional 1,882 shares during the period. Virtu Financial LLC lifted its position in shares of A. O. Smith by 60.0% in the 3rd quarter. Virtu Financial LLC now owns 4,569 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 1,713 shares during the period. Toronto Dominion Bank grew its holdings in shares of A. O. Smith by 0.7% during the 3rd quarter. Toronto Dominion Bank now owns 59,376 shares of the industrial products company’s stock worth $5,334,000 after purchasing an additional 436 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of A. O. Smith by 8.7% in the third quarter. Coldstream Capital Management Inc. now owns 3,788 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

About A. O. Smith

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.