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Oppenheimer Sticks to Its Hold Rating for AO Smith (AOS)

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Oppenheimer analyst Bryan Blair maintained a Hold rating on AO Smith (AOSResearch Report) today. The company’s shares closed last Wednesday at $74.72.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 20.9% and a 59.6% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.

Currently, the analyst consensus on AO Smith is a Hold with an average price target of $83.40.

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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 $915 million and net profit of $132 million. In comparison, last year the company earned revenue of $760 million and had a net profit of $105 million.

Based on the recent corporate insider activity of 83 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. Most recently, in December 2021, Ajita Rajendra, a Director at AOS sold 12,319 shares for a total of $1,026,491.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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