A. O. Smith (NYSE:AOS)‘s stock had its “hold” rating restated by research analysts at Oppenheimer in a report released on Tuesday.

AOS has been the topic of several other research reports. SunTrust Banks restated a “buy” rating and set a $71.00 price target on shares of A. O. Smith in a report on Thursday, July 26th. Zacks Investment Research downgraded A. O. Smith from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. ValuEngine downgraded A. O. Smith from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Boenning Scattergood restated a “buy” rating and set a $75.00 price target on shares of A. O. Smith in a report on Wednesday, July 25th. Finally, BMO Capital Markets restated a “buy” rating and set a $73.00 price target on shares of A. O. Smith in a report on Thursday, July 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $70.71.

Shares of NYSE AOS opened at $60.63 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. A. O. Smith has a 1-year low of $56.30 and a 1-year high of $68.39. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.89 and a beta of 1.44.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The company had revenue of $833.30 million for the quarter, compared to the consensus estimate of $811.72 million. During the same quarter in the prior year, the business earned $0.53 EPS. A. O. Smith’s revenue was up 12.9% on a year-over-year basis. research analysts expect that A. O. Smith will post 2.61 earnings per share for the current fiscal year.

In other news, Director Paul W. Jones sold 4,591 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total value of $270,501.72. Following the transaction, the director now owns 214,558 shares in the company, valued at approximately $12,641,757.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of A. O. Smith by 1.1% in the 2nd quarter. BlackRock Inc. now owns 10,212,252 shares of the industrial products company’s stock valued at $604,055,000 after purchasing an additional 112,242 shares during the period. Janus Henderson Group PLC boosted its position in shares of A. O. Smith by 0.5% in the 2nd quarter. Janus Henderson Group PLC now owns 7,008,473 shares of the industrial products company’s stock valued at $414,554,000 after purchasing an additional 36,879 shares during the period. Select Equity Group L.P. boosted its position in shares of A. O. Smith by 25.2% in the 1st quarter. Select Equity Group L.P. now owns 4,236,042 shares of the industrial products company’s stock valued at $269,370,000 after purchasing an additional 853,808 shares during the period. Morgan Stanley boosted its position in shares of A. O. Smith by 531.8% in the 2nd quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock valued at $205,741,000 after purchasing an additional 2,927,749 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its position in shares of A. O. Smith by 12.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,662,424 shares of the industrial products company’s stock valued at $98,333,000 after purchasing an additional 187,800 shares during the period. Institutional investors and hedge funds own 75.00% 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, 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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Analyst Recommendations for A. O. Smith (NYSE:AOS)

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