How Analysts Feel About A.O. Smith Corporation (NYSE:AOS) After Decrease in Sellers?

September 16, 2018 - By Pearl Odom

A. O. Smith Corporation (NYSE:AOS) Logo

Investors sentiment increased to 1.16 in 2018 Q2. Its up 0.02, from 1.14 in 2018Q1. It improved, as 32 investors sold A. O. Smith Corporation shares while 133 reduced holdings. 54 funds opened positions while 137 raised stakes. 122.12 million shares or 0.10% more from 121.99 million shares in 2018Q1 were reported.
Richard Bernstein Advsrs Lc reported 0.13% in A. O. Smith Corporation (NYSE:AOS). Nuveen Asset Mngmt Lc stated it has 0% in A. O. Smith Corporation (NYSE:AOS). Swiss State Bank holds 0.03% of its portfolio in A. O. Smith Corporation (NYSE:AOS) for 482,400 shares. Moreover, Penobscot Inv Mgmt has 0.05% invested in A. O. Smith Corporation (NYSE:AOS) for 3,484 shares. Sg Americas Lc has 0.02% invested in A. O. Smith Corporation (NYSE:AOS). Tennessee-based State Of Tennessee Treasury Department has invested 0.06% in A. O. Smith Corporation (NYSE:AOS). Tocqueville Asset Mgmt L P invested 0.02% in A. O. Smith Corporation (NYSE:AOS). Stifel Corporation accumulated 64,165 shares. Gulf Bancorp (Uk) Limited stated it has 45,900 shares or 0.03% of all its holdings. Brinker reported 0.11% in A. O. Smith Corporation (NYSE:AOS). Norinchukin National Bank & Trust The stated it has 16,427 shares or 0.01% of all its holdings. Bamco Incorporated accumulated 0.15% or 566,803 shares. Patten And Patten Incorporated Tn holds 302,633 shares. Advsrs Asset Management owns 82,733 shares for 0.02% of their portfolio. Natixis Advsrs Limited Partnership accumulated 184,092 shares.

Since May 24, 2018, it had 0 insider buys, and 7 insider sales for $2.76 million activity. Shares for $270,505 were sold by JONES PAUL W on Tuesday, August 21. On Friday, June 8 KITA JOHN J sold $581,459 worth of A. O. Smith Corporation (NYSE:AOS) or 9,000 shares. The insider Lauber Charles T sold $389,798. $233,942 worth of A. O. Smith Corporation (NYSE:AOS) was sold by Heideman Robert J on Friday, June 1.

The stock of A.O. Smith Corporation (NYSE:AOS) registered a decrease of 10.62% in short interest. AOS’s total short interest was 5.30 million shares in September as published by FINRA. Its down 10.62% from 5.93 million shares, reported previously. With 882,400 shares average volume, it will take short sellers 6 days to cover their AOS’s short positions. The short interest to A.O. Smith Corporation’s float is 3.75%.

The stock increased 0.49% or $0.29 during the last trading session, reaching $59.36. About 730,487 shares traded. A. O. Smith Corporation (NYSE:AOS) has risen 1.43% since September 16, 2017 and is uptrending. It has underperformed by 14.19% the S&P500.

A. O. Smith Corporation manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India. The company has market cap of $10.13 billion. The firm offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It has a 31.29 P/E ratio. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

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

Among 5 analysts covering AO Smith Corp (NYSE:AOS), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. AO Smith Corp has $75.0 highest and $6300 lowest target. $71.75’s average target is 20.87% above currents $59.36 stock price. AO Smith Corp had 7 analyst reports since March 22, 2018 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Wednesday, April 4 to “Buy”. The firm earned “Buy” rating on Thursday, March 22 by Boenning & Scattergood. DA Davidson maintained the stock with “Buy” rating in Thursday, April 26 report. The company was maintained on Tuesday, April 3 by Stifel Nicolaus. Robert W. Baird maintained it with “Buy” rating and $7200 target in Wednesday, April 4 report. Stifel Nicolaus maintained A. O. Smith Corporation (NYSE:AOS) on Friday, April 27 with “Hold” rating.

More news for A. O. Smith Corporation (NYSE:AOS) were recently published by: Fool.com, which released: “3 Top Growth Stocks to Buy in September” on September 14, 2018. Nasdaq.com‘s article titled: “3 Top Value Stocks to Buy in September” and published on September 09, 2018 is yet another important article.

A. O. Smith Corporation (NYSE:AOS) Institutional Positions Chart

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