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Valued at a market cap of $10.6 billion, A. O. Smith Corporation (AOS) manufactures and markets commercial and residential water heating equipment and water treatment products. The Milwaukee, Wisconsin-based company specializes in offering innovative and energy-efficient solutions and products and offers water heaters, boilers, commercial solar water heating systems, expansion tanks, swimming pools, and spa heaters, to name a few.
Shares of this water purification company have significantly lagged behind the broader market over the past 52 weeks. AOS has declined 3.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31%. Moreover, on a YTD basis, the stock is down around 18%, compared to SPX’s nearly 25.2% gain.