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Enter Symbol:
Rating: AOS
Hold $73

Smith (a.o.) Corporation (NYSE: AOS) rated to Hold with price target $73 by Gabelli & Co

Wednesday,  May 13, 2015  9:25 AM ET by Lynn Gilbert

Gabelli & Co rated Smith
(a.o.) Corporation (NYSE: AOS) to Hold with price target $73.

A. O. Smith Corporation is a manufacturer of water heating equipment and electric motors, serving a diverse mix of residential, commercial and industrial end markets principally in the United States. The Company's business is organized in two operating segments: Water Products and Electrical Products. The Water Products business manufactures and markets a line of residential gas and electric water heaters, standard and specialty commercial water heating equipment, copper-tube boilers and water systems tanks. The Electrical Products business manufactures and markets a line of hermetic motors, fractional horsepower alternating current (AC) and direct current (DC) motors. During the year ended December 31, 2008, 63% of the Company?s net sales were attributable to its Water Products business and 37% attributable to its Electrical Products business. In April 2009, the Company acquired Smith Investment Co.

Gabelli & Co is a well-known diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Management Inc, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. The company's asset management businesses are supported by Gabelli & Company, Inc., an institutional broker/dealer. Gabelli & Company, Inc. distributes the mutual funds managed by Gabelli Funds and publishes investment research which is one of the key elements of GAMCO Investors, Inc.'s success. In addition through its subsidiary Gabelli Securities, Inc., the Company serves as general partner or investment manager in a number of limited partnerships with varying investment objectives.



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