A. O. Smith (NYSE:AOS) Given New $75.00 Price Target at Stifel Nicolaus

A. O. Smith (NYSE:AOS - Get Free Report) had its target price cut by analysts at Stifel Nicolaus from $84.00 to $75.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target would suggest a potential upside of 21.26% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Oppenheimer decreased their price objective on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a report on Tuesday, April 8th. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. UBS Group lowered their target price on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $76.50.

A. O. Smith Stock Down 2.0 %

A. O. Smith stock traded down $1.29 during mid-day trading on Wednesday, reaching $61.85. 314,193 shares of the company's stock were exchanged, compared to its average volume of 1,119,863. A. O. Smith has a twelve month low of $58.83 and a twelve month high of $92.45. The company has a fifty day moving average of $65.50 and a 200-day moving average of $70.38. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.90 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.46 and a beta of 1.26.

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

Insider Buying and Selling at A. O. Smith

In other A. O. Smith news, VP Robert J. Heideman sold 1,026 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $65.65, for a total transaction of $67,356.90. Following the completion of the sale, the vice president now owns 8,889 shares of the company's stock, valued at approximately $583,562.85. The trade was a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Douglas Samuel Karge sold 419 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $27,507.35. Following the completion of the transaction, the senior vice president now owns 2,749 shares in the company, valued at $180,471.85. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Institutional Trading of A. O. Smith

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in A. O. Smith by 1.8% during the 1st quarter. State of Alaska Department of Revenue now owns 13,831 shares of the industrial products company's stock worth $903,000 after purchasing an additional 250 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in A. O. Smith by 7.5% in the first quarter. Cornerstone Wealth Management LLC now owns 6,380 shares of the industrial products company's stock valued at $417,000 after buying an additional 445 shares during the last quarter. Precedent Wealth Partners LLC acquired a new position in A. O. Smith during the 1st quarter valued at about $1,573,000. Cypress Advisory Group LLC boosted its position in shares of A. O. Smith by 7.9% during the first quarter. Cypress Advisory Group LLC now owns 10,700 shares of the industrial products company's stock worth $699,000 after buying an additional 780 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of A. O. Smith by 32.0% in the first quarter. Janney Montgomery Scott LLC now owns 205,846 shares of the industrial products company's stock worth $13,454,000 after purchasing an additional 49,862 shares in the last quarter. 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.