Tue Oct 01 03:26:51 UTC 2024: ## A. O. Smith (AOS) Downgraded to “Hold” by StockNews.com

**Milwaukee, WI (MarketBeat News)** – A. O. Smith Corporation (NYSE: AOS), a leading manufacturer of water heating and treatment products, has been downgraded to a “hold” rating from “buy” by StockNews.com. This comes amidst a mixed bag of analyst opinions on the company.

While UBS Group downgraded AOS to a “sell” and Robert W. Baird assigned a “neutral” rating, Stifel Nicolaus upgraded the company to a “buy.” Despite the varied assessments, the consensus rating for AOS remains “hold” with an average price target of $89.67.

The company recently reported its quarterly earnings, falling short of analysts’ expectations for earnings per share. However, revenue surpassed forecasts and saw a year-over-year increase of 6.6%. Despite this positive revenue growth, the overall sentiment seems to be leaning towards caution regarding AOS’ future performance.

Meanwhile, insider trading activity saw SVP Samuel M. Carver sell 14,705 shares of AOS stock, while institutional investors like TD Asset Management Inc., J. W. Coons Advisors LLC, and Treasurer of the State of North Carolina have made recent purchases.

A. O. Smith Corporation manufactures and markets a wide range of water heating and treatment solutions for residential and commercial clients across North America, China, Europe, and India.

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