A. O. Smith Corp (AOS) Stock Is An All Time High Flier

October 13, 2017 - By Linda Rogers

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.
Nomura Asset Mngmt Communication Limited stated it has 0.01% of its portfolio in A. O. Smith Corp (NYSE:AOS). Hightower Advisors Ltd accumulated 99,618 shares or 0.05% of the stock. Sei Investments Com holds 239,285 shares or 0.05% of its portfolio. Point72 Asia (Hong Kong) has 0% invested in A. O. Smith Corp (NYSE:AOS). International Group Inc Inc has 0.06% invested in A. O. Smith Corp (NYSE:AOS). Credit Agricole S A accumulated 207,572 shares. Metropolitan Life Ny invested in 144,904 shares. Bnp Paribas Asset Mngmt Sa has 0% invested in A. O. Smith Corp (NYSE:AOS) for 8,130 shares. 23,093 are held by Lpl Fincl Ltd Llc. Moreover, Quantitative Investment Mgmt Ltd Liability Corp has 0.17% invested in A. O. Smith Corp (NYSE:AOS). Cue Financial Gp holds 0.92% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 22,750 shares. Sg Americas Secs Ltd Liability Corp reported 79,057 shares stake. Synovus Corp stated it has 0.01% in A. O. Smith Corp (NYSE:AOS). Ecofin Ltd reported 29.53M shares stake. Artisan L P invested 0.16% of its portfolio in A. O. Smith Corp (NYSE:AOS).

Since May 1, 2017, it had 0 buys, and 11 insider sales for $9.66 million activity. 1,250 A. O. Smith Corp (NYSE:AOS) shares with value of $67,014 were sold by WOLF IDELLE K. $1.66 million worth of stock was sold by Rajendra Ajita G on Friday, May 5. Wheeler Kevin J. also sold $739,708 worth of A. O. Smith Corp (NYSE:AOS) shares. Shares for $1.62 million were sold by Heideman Robert J on Monday, May 1. Lauber Charles T sold $216,707 worth of stock or 3,987 shares. Petrarca Mark A sold $1.12M worth of stock.

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 earnings per share, 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. On Friday, August 11 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, November 3. SunTrust maintained the shares of AOS in report on Thursday, October 12 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, September 6. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by Robert W. Baird on Wednesday, October 4. The firm earned “Hold” rating on Friday, January 8 by Maxim Group. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by SunTrust on Thursday, July 14. The firm earned “Neutral” rating on Friday, June 17 by Longbow. KeyBanc Capital Markets downgraded A. O. Smith Corp (NYSE:AOS) on Friday, April 28 to “Sector Weight” rating. Jefferies maintained it with “Buy” rating and $111 target in Friday, September 23 report.

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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