A. O. Smith (NYSE:AOS) Price Target Cut to $74.00 by Analysts at UBS Group

A. O. Smith (NYSE:AOS - Get Free Report) had its price objective reduced by equities research analysts at UBS Group from $80.00 to $74.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. UBS Group's target price indicates a potential upside of 12.67% from the stock's previous close.

A number of other analysts have also commented on AOS. Stifel Nicolaus decreased their price objective on A. O. Smith from $90.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, January 18th. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday. DA Davidson lowered shares of A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research report on Wednesday, October 23rd. Finally, Citigroup cut their price target on A. O. Smith from $78.00 to $73.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $80.86.

A. O. Smith Price Performance

AOS traded down $1.36 during midday trading on Friday, reaching $65.68. 2,227,051 shares of the company's stock were exchanged, compared to its average volume of 1,558,757. A. O. Smith has a 1-year low of $65.53 and a 1-year high of $92.44. The stock has a market capitalization of $9.52 billion, a PE ratio of 18.09, a P/E/G ratio of 1.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The business's 50-day moving average price is $70.38 and its 200 day moving average price is $76.89.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.05). A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. As a group, equities analysts anticipate that A. O. Smith will post 3.76 EPS for the current fiscal year.

Institutional Trading of A. O. Smith

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Sector Pension Investment Board increased its position in shares of A. O. Smith by 65.3% in the second quarter. Public Sector Pension Investment Board now owns 4,649 shares of the industrial products company's stock worth $380,000 after acquiring an additional 1,836 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in A. O. Smith by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 98,178 shares of the industrial products company's stock worth $8,029,000 after purchasing an additional 807 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company's stock valued at $164,000 after purchasing an additional 134 shares in the last quarter. Quarry LP raised its position in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 245 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of A. O. Smith by 1.4% during the second quarter. Truist Financial Corp now owns 13,844 shares of the industrial products company's stock worth $1,132,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds 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.