A. O. Smith Co., a leading industrial products company, has received a consensus rating of “Reduce” from eight research firms that cover the stock, according to a report by Bloomberg Ratings. Among these firms, two analysts have rated the stock as sell, five have assigned a hold rating, and one has issued a buy rating on the company.
The average 1-year price target among brokerage firms that have covered A. O. Smith Co.’s stock over the past year is $70.29. This serves as an indication of where these experts believe the stock’s price may be heading in the future.
In recent news, CEO Kevin J. Wheeler sold 12,917 shares of the company’s stock in a transaction that took place on August 25th. The shares were sold at an average price of $69.09, resulting in a total transaction value of $892,435.53. After this sale, Wheeler now directly owns 71,463 shares in the company with an approximate value of $4,937,378.67.
The details of this transaction were disclosed in a document filed with the Securities & Exchange Commission (SEC). More information regarding this sale can be accessed through the SEC’s website.
Another insider who made a stock sale was Director Idelle K. Wolf who sold 1,142 shares of A.O Smith Co.’s stock on August 4th at an average price of $72.77 for a total value of $83,103.34.Wolf now owns 50,222 shares valued at approximately $3,654,654.94 following this transaction.The disclosure for this sale is also available on the SEC’s website.
It is worth noting that company insiders own 0.70% of A.O Smith Co.’s stock.
A.O Smith last released its earnings results on July 27th.Shortly after exceeding analysts’ consensus estimates by $0.10, the company reported earnings per share of $1.01 for the quarter. A.O Smith’s net margin stood at 7.32% with a return on equity of 29.73%. Nevertheless, despite these positive results, the company experienced a slight decline in revenue of .5% compared to the same quarter in the previous year.
Looking forward, research analysts anticipate that A.O Smith Co. will post an EPS (earnings per share) of 3.59 for this fiscal year.
As always, investors should exercise caution and carefully consider all available information before making any investment decisions regarding A.O Smith Co.’s stock.
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A. O. Smith Receives Mixed Ratings and Institutional Interest
A. O. Smith, the industrial products company, has recently received attention from various brokerages, leading to differing opinions on its stock. StockNews.com initiated coverage on A. O. Smith and issued a “buy” rating on the stock on August 17th. Meanwhile, Seaport Res Ptn reaffirmed a “neutral” rating on the shares of A. O. Smith on August 7th. DA Davidson also weighed in by increasing their price target from $82.00 to $87.00 in a report on July 28th. Lastly, Stifel Nicolaus maintained a “hold” rating and set a price target of $80.00 on September 12th.
Additionally, institutional investors have been actively adjusting their positions in AOS in recent times. State Street Corp raised its stake in A.O. Smith by 2.6% during the third quarter, now holding 8,804,868 shares of the company’s stock valued at $427,740,000 after acquiring an additional 225,462 shares in the last quarter.
Similarly,Bank Julius Baer & Co. Ltd Zurich added to their stake significantly during the second quarter with an increase of approximately 98,060.6%. Now, they own 8,147,327 shares of A.O.Smith worth around $592,962 ,000.
Invesco Ltd.’s stake in A.O.Smith increased by about 8% during the first quarter as they acquired an additional 227,825 shares bringing their total holdings to 3 ,000 ,385 shares worth roughly $19 ,1 .7 mn .
Furthermore,Gee Capital Management LLC also raised its stake by around half a percent during Q4.AS a result they now hold around 2 mean VS09 shares valued at about S ‘]7 million,
Robeco Schweiz AG saw the largest percentage increase among institutional investors during Q1, seeing their stake rise by 16.8%. They now own 2,296,046 shares worth $146.69 million.
A.O.Smith’s stock opened at $65 on Friday with a market capitalization of $9.81 billion and a price-to-earnings ratio of 36.01. The companyÂ’s price-to-earnings-growth ratio sits at 2.05 while the beta is 1.30.Debt-to-equity ratio for A .O.Smith is currently at 0.10 with a quick ratio of L22 and a current ratio of LBI .
In terms of its performance over the past year, A.O.Smith has hit both a low of $46 and a high of S punishing investors who were not closely monitoring the market.
Currently, A.O.Smith has been hovering around its 50-day simple moving average which stands at approximately $71.The two-hundred-day simple moving average measures around $69.54
