AO Smith (AOS) Gets a Hold Rating from Oppenheimer

Oppenheimer analyst Bryan Blair maintained a Hold rating on AO Smith (AOSResearch Report) today. The company’s shares closed last Tuesday at $56.16, close to its 52-week high of $58.66.

According to, Blair is a 4-star analyst with an average return of 15.5% and a 68.2% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AO Smith with a $62.00 average price target, representing an 11.6% upside. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $61.00 price target.

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Based on AO Smith’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $760 million and net profit of $105 million. In comparison, last year the company earned revenue of $728 million and had a net profit of $87.3 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AOS in relation to earlier this year. Last month, Ajita Rajendra, a Director at AOS sold 103,700 shares for a total of $5,834,550.

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A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks. The Rest of World segment comprises of China, Europe, and India; and manufactures and markets water treatment products. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.