A. O. Smith Corporation, a leading manufacturer of water heating and treatment products, has recently received mixed ratings from financial analysts.
UBS Group upgraded the company from a "sell" to a "neutral" rating, while Stifel Nicolaus lowered its price objective but maintained a "buy" rating. Overall, there are six "hold" ratings and three "buy" ratings for A. O. Smith's stock.
Institutional investors have also made adjustments to their positions in the company, with UBS Asset Management Americas LLC increasing its stake.
The stock has experienced fluctuations, with a 50-day simple moving average of $79.09 and a 200-day average of $81.38.
A. O. Smith recently reported its quarterly earnings, meeting the consensus estimate. The company has also increased its quarterly dividend, signaling its commitment to returning value to shareholders.
Analyst ratings continue to vary, reflecting the ongoing debate about the company's future performance.