A. O. Smith Corp (AOS) Just Reaches 52-Week High?

June 20, 2017 - By Stephen Andrade

Investors sentiment increased to 6.44 in 2016 Q4. Its up 5.33, from 1.11 in 2016Q3. It improved, as 37 investors sold A. O. Smith Corp shares while 17 reduced holdings. 52 funds opened positions while 296 raised stakes. 247.64 million shares or 292.04% more from 63.17 million shares in 2016Q3 were reported.
Moreover, Hl Limited Liability Company has 0.08% invested in A. O. Smith Corp (NYSE:AOS). Ledyard Retail Bank stated it has 0% of its portfolio in A. O. Smith Corp (NYSE:AOS). Twin Capital Management has invested 0.24% in A. O. Smith Corp (NYSE:AOS). Mckinley Cap Limited Delaware accumulated 4,494 shares or 0.01% of the stock. Westpac Bk Corporation has 0% invested in A. O. Smith Corp (NYSE:AOS). New York-based Morgan Stanley has invested 0.01% in A. O. Smith Corp (NYSE:AOS). Cibc World Markets reported 0% in A. O. Smith Corp (NYSE:AOS). First Mercantile Tru invested 0.04% of its portfolio in A. O. Smith Corp (NYSE:AOS). The Ontario – Canada-based Td Asset has invested 0% in A. O. Smith Corp (NYSE:AOS). Tiverton Asset Limited Liability reported 1.08% in A. O. Smith Corp (NYSE:AOS). Thompson Siegel And Walmsley holds 0% in A. O. Smith Corp (NYSE:AOS) or 5,400 shares. 11,255 are owned by Bokf Na. Janus Cap Ltd Limited Liability Company owns 7.04 million shares. Neuberger Berman Grp Incorporated Ltd holds 0.14% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 2.20 million shares. Impax Asset Management Ltd owns 1.46 million shares.

Since February 6, 2017, it had 0 buys, and 17 selling transactions for $21.12 million activity. The insider KITA JOHN J sold 31,619 shares worth $1.70M. $788,480 worth of A. O. Smith Corp (NYSE:AOS) shares were sold by Heideman Robert J. JONES PAUL W also sold $1.21M worth of A. O. Smith Corp (NYSE:AOS) shares. WOLF IDELLE K sold $41,220 worth of stock or 750 shares. Petrarca Mark A also sold $1.12 million worth of A. O. Smith Corp (NYSE:AOS) on Monday, May 1. $1.66M worth of A. O. Smith Corp (NYSE:AOS) shares were sold by Rajendra Ajita G. GREUBEL WILLIAM P also sold $863,429 worth of A. O. Smith Corp (NYSE:AOS) on Thursday, February 9.

The stock of A. O. Smith Corp (NYSE:AOS) hit a new 52-week high and has $60.02 target or 5.00 % above today’s $57.16 share price. The 9 months bullish chart indicates low risk for the $10.03 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $60.02 price target is reached, the company will be worth $501.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 63,031 shares traded. A. O. Smith Corp (NYSE:AOS) has risen 35.20% since June 20, 2016 and is uptrending. It has outperformed by 18.50% the S&P500.

Analysts expect A. O. Smith Corp (NYSE:AOS) to report $0.53 EPS on July, 25.They anticipate $0.04 EPS change or 8.16 % from last quarter’s $0.49 EPS. AOS’s profit would be $93.00M giving it 26.96 P/E if the $0.53 EPS is correct. After having $0.50 EPS previously, A. O. Smith Corp’s analysts see 6.00 % EPS growth.

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

Among 12 analysts covering AO Smith Corp (NYSE:AOS), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. AO Smith Corp has $111 highest and $50 lowest target. $78.71’s average target is 37.70% above currents $57.16 stock price. AO Smith Corp had 15 analyst reports since September 11, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained it with “Overweight” rating and $88 target in Friday, April 8 report. KeyCorp downgraded the stock to “Sector Weight” rating in Monday, May 1 report. The firm earned “Buy” rating on Friday, September 23 by Jefferies. The firm earned “Buy” rating on Tuesday, November 3 by SunTrust. The stock of A. O. Smith Corp (NYSE:AOS) has “Sector Weight” rating given on Friday, April 28 by KeyBanc Capital Markets. The stock of A. O. Smith Corp (NYSE:AOS) earned “Neutral” rating by Longbow on Friday, June 17. Jefferies maintained A. O. Smith Corp (NYSE:AOS) on Thursday, June 1 with “Buy” rating. The company was maintained on Thursday, July 14 by SunTrust. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, April 5. The firm earned “Hold” rating on Friday, February 3 by Stifel Nicolaus.

More notable recent A. O. Smith Corp (NYSE:AOS) news were published by: Achrnews.com which released: “AO Smith Names Kevin Wheeler President, Chief Operating Officer” on May 19, 2017, also Biztimes.com with their article: “Corporate research center to be built for AO Smith” published on June 12, 2017, Jsonline.com published: “AO Smith to develop new research center near Milwaukee headquarters” on May 24, 2017. More interesting news about A. O. Smith Corp (NYSE:AOS) were released by: Prnewswire.com and their article: “AO Smith, The Water Council partner again to sponsor 2017 BREW Corporate …” published on May 23, 2017 as well as Bizjournals.com‘s news article titled: “AO Smith to build new research center in Milwaukee” with publication date: May 24, 2017.

A. O. Smith Corporation operates through two divisions: North America and Rest of World. The company has market cap of $10.03 billion. The Company’s Rest of World segment primarily consists of China, Europe and India. It has a 29.57 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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