November 23, 2016 - By Peter Erickson · 0 Comments
The stock of A O Smith Corporation (NYSE:AOS) registered a decrease of 5.85% in short interest. AOS’s total short interest was 6.60 million shares in November as published by FINRA. Its down 5.85% from 7.01 million shares, reported previously. With 1.62M shares average volume, it will take short sellers 4 days to cover their AOS’s short positions. The short interest to A O Smith Corporation’s float is 4.57%. About 16,841 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 20.64% since April 21, 2016 and is uptrending. It has outperformed by 15.31% the S&P500.
A. O. Smith Corporation operates its business through two divisions, which include North America and Rest of World. The company has a market cap of $8.44 billion. The Company’s Rest of World segment primarily comprises China, Europe and India. It has a 26.25 P/E ratio. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.02, from 1.13 in 2016Q1. The ratio worsened, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.
Kistler holds 0.01% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 180 shares. Frontier Cap Com Ltd Liability last reported 0.53% of its portfolio in the stock. Blackrock Inv Lc has invested 0.02% of its portfolio in A. O. Smith Corp (NYSE:AOS). Guardian Capital Ltd Partnership, a Ontario – Canada-based fund reported 42,529 shares. Tompkins Finance owns 690 shares or 0.02% of their US portfolio. Castleark Management Llc owns 66,168 shares or 0.19% of their US portfolio. Sei holds 0.04% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 80,824 shares. Price T Rowe Md owns 114,247 shares or 0% of their US portfolio. Robecosam Usa has 47,116 shares for 5.17% of their US portfolio. Shinko Asset Management Limited, a Japan-based fund reported 191 shares. Invesco, a Georgia-based fund reported 1.85 million shares. Eagle Asset Mngmt has 0.15% invested in the company for 238,566 shares. Davenport And Company Llc reported 14,029 shares or 0% of all its holdings. Da Davidson And Communication has 742 shares for 0% of their US portfolio. The Minnesota-based Us Bancshares De has invested 0.01% in A. O. Smith Corp (NYSE:AOS).
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 4 sales for $1.76 million net activity. 1,146 shares with value of $107,449 were sold by SMITH MARK D on Thursday, July 28. $118,996 worth of A. O. Smith Corp (NYSE:AOS) was sold by Lauber Charles T on Wednesday, November 9. Shares for $1.65M were sold by Rajendra Ajita G. BROUWER WILFRIDUS M also sold $578,399 worth of A. O. Smith Corp (NYSE:AOS) on Friday, July 29. Shares for $315,775 were sold by Martineau Peter R. 20,000 A. O. Smith Corp (NYSE:AOS) shares with value of $953,712 were sold by STERN JAMES F.
Out of 10 analysts covering AO Smith Corp (NYSE:AOS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. AO Smith Corp has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. SunTrust maintained A. O. Smith Corp (NYSE:AOS) rating on Thursday, July 14. SunTrust has “Buy” rating and $103 price target. Longbow initiated A. O. Smith Corp (NYSE:AOS) on Friday, June 17 with “Neutral” rating. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by Northland Capital on Tuesday, March 8. The stock of A. O. Smith Corp (NYSE:AOS) earned “Overweight” rating by KeyBanc Capital Markets on Friday, April 8. The firm has “Outperform” rating by William Blair given on Friday, September 11. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by SunTrust on Tuesday, November 3. On Wednesday, September 23 the stock rating was initiated by BB&T Capital with “Buy”. Jefferies maintained the stock with “Buy” rating in Friday, September 23 report. The company was initiated on Tuesday, November 3 by Suntrust Robinson. The company was downgraded on Friday, January 8 by Maxim Group.
A. O. Smith Corporation, incorporated on July 09, 1986, operates its business through two divisions, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. Both divisions manufacture and market a range of residential and commercial gas, gas tankless and electric water heaters. Both divisions primarily manufacture and market in their respective regions of the world. The Company’s North America segment also makes and markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also makes and markets water treatment products. The Firm also markets in-home air purification products in China.
Another recent and important A. O. Smith Corp (NYSE:AOS) news was published by Prnewswire.com which published an article titled: “A. O. Smith reports strong net earnings growth on nine percent increase in sales” on October 26, 2016.
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By Peter Erickson