A. O. Smith’s (AOS) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c+) rating on shares of A. O. Smith (NYSE:AOS) in a research report released on Wednesday,Weiss Ratings reports.

A number of other analysts have also issued reports on the company. Robert W. Baird boosted their price target on A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 25th. UBS Group reiterated a “neutral” rating and issued a $76.00 target price (up from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Stifel Nicolaus upped their price objective on shares of A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Oppenheimer upped their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, A. O. Smith has an average rating of “Hold” and a consensus target price of $77.43.

A. O. Smith Stock Down 2.9%

Shares of NYSE:AOS opened at $67.68 on Wednesday. The business has a 50 day simple moving average of $72.09 and a two-hundred day simple moving average of $68.39. A. O. Smith has a 1 year low of $58.83 and a 1 year high of $83.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.65 and a quick ratio of 1.03. The firm has a market capitalization of $9.48 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

A. O. Smith (NYSE:AOS) last issued its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, equities analysts predict that A. O. Smith will post 3.76 EPS for the current year.

Insider Activity at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the completion of the sale, the chairman owned 100,647 shares of the company’s stock, valued at $7,172,105.22. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.76% of the company’s stock.

Institutional Trading of A. O. Smith

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of A. O. Smith during the 1st quarter valued at $26,000. True Wealth Design LLC raised its stake in A. O. Smith by 44,400.0% in the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock valued at $29,000 after buying an additional 444 shares during the last quarter. TD Private Client Wealth LLC raised its stake in A. O. Smith by 143.7% in the second quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock valued at $29,000 after buying an additional 263 shares during the last quarter. National Pension Service raised its position in shares of A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 196 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of A. O. Smith in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.