A. O. Smith (NYSE:AOS) Price Target Cut to $84.00 by Analysts at Stifel Nicolaus

A. O. Smith (NYSE:AOS) had its price objective cut by Stifel Nicolaus from $90.00 to $84.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research firms also recently issued reports on AOS. Robert W. Baird cut their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their target price for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research note on Saturday, January 18th. Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, DA Davidson downgraded 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and a consensus target price of $80.86.

A. O. Smith Stock Down 0.1 %

AOS opened at $67.27 on Friday. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.44 and a beta of 1.18. The firm has a 50 day moving average price of $70.71 and a 200-day moving average price of $77.39. A. O. Smith has a twelve month low of $65.53 and a twelve month high of $92.44. 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 (NYSE:AOS) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. Equities research analysts forecast that A. O. Smith will post 3.77 earnings per share for the current year.

A. O. Smith Announces Dividend

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

Institutional Trading of A. O. Smith

Several institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings in A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after buying an additional 245 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in A. O. Smith during the third quarter valued at $32,000. Wolff Wiese Magana LLC bought a new stake in A. O. Smith in the 3rd quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in A. O. Smith in the 3rd quarter worth $43,000. Finally, Truvestments Capital LLC bought a new position in shares of A. O. Smith during the 3rd quarter valued at about $55,000. Hedge funds and other 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.