A. O. Smith Corp (AOS) on Focus After Trading At All-Time Highs

October 13, 2017 - By Nellie Frank

Investors sentiment decreased to 0.94 in 2017 Q2. Its down 0.08, from 1.02 in 2017Q1. It dropped, as 38 investors sold A. O. Smith Corp shares while 135 reduced holdings. 49 funds opened positions while 114 raised stakes. 152.59 million shares or 21.62% more from 125.46 million shares in 2017Q1 were reported.
Trillium Asset Lc reported 123,905 shares. Great West Life Assurance Can holds 0.02% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 121,520 shares. Greenwood Cap Assoc Ltd Co stated it has 0.06% of its portfolio in A. O. Smith Corp (NYSE:AOS). Retirement Of Alabama has invested 0.09% of its portfolio in A. O. Smith Corp (NYSE:AOS). California-based Fuller And Thaler Asset Mgmt has invested 0% in A. O. Smith Corp (NYSE:AOS). North Star Inv Mgmt accumulated 223 shares. Pitcairn reported 0.22% of its portfolio in A. O. Smith Corp (NYSE:AOS). Commercial Bank Of America De stated it has 0% in A. O. Smith Corp (NYSE:AOS). Us Natl Bank De holds 0.01% or 55,178 shares in its portfolio. Sumitomo Mitsui Tru Hldgs owns 438,600 shares for 0.04% of their portfolio. Rhumbline Advisers holds 0.04% in A. O. Smith Corp (NYSE:AOS) or 312,771 shares. Moreover, State Of Wisconsin Investment Board has 0.05% invested in A. O. Smith Corp (NYSE:AOS). Impax Asset Mngmt Ltd, United Kingdom-based fund reported 1.78 million shares. Westwood Mngmt Il holds 0.12% or 14,000 shares in its portfolio. Bnp Paribas Asset Management Sa accumulated 8,130 shares.

Since May 1, 2017, it had 0 insider buys, and 11 insider sales for $9.66 million activity. Petrarca Mark A sold 20,800 shares worth $1.12 million. $1.70M worth of A. O. Smith Corp (NYSE:AOS) was sold by KITA JOHN J on Monday, May 1. $1.66M worth of stock was sold by Rajendra Ajita G on Friday, May 5. On Wednesday, May 24 the insider BROWN RONALD D sold $433,961. Shares for $739,708 were sold by Wheeler Kevin J.. The insider STERN JAMES F sold $1.37 million. WOLF IDELLE K had sold 1,250 shares worth $67,014.

The stock of A. O. Smith Corp (NYSE:AOS) reached all time high today, Oct, 13 and still has $66.18 target or 8.00 % above today’s $61.28 share price. This indicates more upside for the $10.55B company. This technical setup was reported by Barchart.com. If the $66.18 PT is reached, the company will be worth $844.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 728,536 shares traded or 8.73% up from the average. A. O. Smith Corp (NYSE:AOS) has risen 35.20% since October 13, 2016 and is uptrending. It has outperformed by 18.50% the S&P500.

Investors wait A. O. Smith Corp (NYSE:AOS) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.53 EPS, up $0.06 or 12.77 % from last year’s $0.47 same quarter earnings. This translates into $91.25M profit for AOS giving the stock a 28.91 P/E. This is assuming the current $0.53 EPS is accurate. A. O. Smith Corp’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.53 EPS reproted in the previous quarter,

A. O. Smith Corp (NYSE:AOS) Ratings Coverage

Among 15 analysts covering AO Smith Corp (NYSE:AOS), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. AO Smith Corp had 27 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, September 23 with “Buy”. The stock of A. O. Smith Corp (NYSE:AOS) earned “Overweight” rating by KeyBanc Capital Markets on Friday, April 8. The stock of A. O. Smith Corp (NYSE:AOS) has “Buy” rating given on Tuesday, March 8 by Northland Capital. The firm has “Outperform” rating given on Friday, September 11 by William Blair. On Wednesday, September 6 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Buy” rating by Jefferies given on Friday, August 11. The company was maintained on Thursday, October 12 by SunTrust. As per Wednesday, July 26, the company rating was maintained by Oppenheimer. The stock of A. O. Smith Corp (NYSE:AOS) has “Buy” rating given on Tuesday, November 3 by Suntrust Robinson. Boenning & Scattergood maintained the shares of AOS in report on Wednesday, July 26 with “Buy” rating.

More recent A. O. Smith Corp (NYSE:AOS) news were published by: Bizjournals.com which released: “AO Smith’s new corporate technology center gets underway” on October 05, 2017. Also Nasdaq.com published the news titled: “Zacks.com featured highlights: Facebook, NVIDIA, Principal Financial Group, AO …” on October 10, 2017. Prnewswire.com‘s news article titled: “Daily Technical Summary Reports on Electrical Equipment Stocks — Ballard …” with publication date: September 21, 2017 was also an interesting one.

A. O. Smith Corporation operates through two divisions: North America and Rest of World. The company has market cap of $10.55 billion. The Company’s Rest of World segment primarily consists of China, Europe and India. It has a 31.05 P/E ratio. Both divisions manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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