A. O. Smith (NYSE:AOS) Price Target Lowered to $84.00 at Oppenheimer

A. O. Smith (NYSE:AOS) had its target price reduced by Oppenheimer from $88.00 to $84.00 in a report issued on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

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

A. O. Smith Trading Down 0.1 %

Shares of A. O. Smith stock opened at $67.27 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. A. O. Smith has a twelve month low of $65.53 and a twelve month high of $92.44. The firm has a market capitalization of $9.75 billion, a PE ratio of 17.70, a P/E/G ratio of 1.44 and a beta of 1.18. The firm’s 50-day moving average price is $70.71 and its 200 day moving average price is $77.39.

A. O. Smith (NYSE:AOS) last issued its earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. On average, sell-side analysts predict that A. O. Smith will post 3.77 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.36 annualized dividend and a yield of 2.02%. A. O. Smith’s payout ratio is 35.79%.

Institutional Investors Weigh In On A. O. Smith

A number of hedge funds have recently bought and sold shares of AOS. State Street Corp increased its stake in shares of A. O. Smith by 4.0% during the third quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock worth $693,630,000 after buying an additional 299,766 shares during the period. Geode Capital Management LLC increased its position in shares of A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock valued at $321,348,000 after purchasing an additional 52,593 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of A. O. Smith by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock valued at $206,848,000 after purchasing an additional 87,458 shares in the last quarter. KBC Group NV lifted its position in shares of A. O. Smith by 40.1% during the 4th quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company’s stock worth $112,467,000 after purchasing an additional 471,990 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of A. O. Smith by 7.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,137,184 shares of the industrial products company’s stock worth $102,153,000 after purchasing an additional 83,495 shares during 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.