Ownership Action To Observe: Smith A O Corp (NYSE:AOS) Institutional Investor Sentiment Trend

November 30, 2016 - By Linda Rogers   ·   0 Comments

Ownership Action To Observe: Smith A O Corp (NYSE:AOS) Institutional Investor Sentiment Trend

Sentiment for Smith A O Corp (NYSE:AOS)

Smith A O Corp (NYSE:AOS) institutional sentiment decreased to 1.11 in 2016 Q2. Its down -0.02, from 1.13 in 2016Q1. The ratio turned negative, as 185 institutional investors increased and opened new positions, while 163 trimmed and sold positions in Smith A O Corp. The institutional investors in our partner’s database now hold: 63.42 million shares, down from 63.71 million shares in 2016Q1. Also, the number of institutional investors holding Smith A O Corp in their top 10 positions increased from 9 to 12 for an increase of 3. Sold All: 31 Reduced: 132 Increased: 113 New Position: 72.

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 $8.49 billion. The Company’s Rest of World segment primarily comprises China, Europe and India. It has a 26.61 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.

About 603,663 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 23.61% since April 27, 2016 and is uptrending. It has outperformed by 18.39% the S&P500.

Analysts await A. O. Smith Corp (NYSE:AOS) to report earnings on February, 3. They expect $0.46 earnings per share, up 2.22% or $0.01 from last year’s $0.45 per share. AOS’s profit will be $80.34 million for 26.42 P/E if the $0.46 EPS becomes a reality. After $0.47 actual earnings per share reported by A. O. Smith Corp for the previous quarter, Wall Street now forecasts -2.13% negative EPS growth.

According to Zacks Investment Research, “A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world’s leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America’s largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.”

Ecofin Ltd holds 5.8% of its portfolio in A. O. Smith Corp for 335,963 shares. Water Asset Management Llc owns 68,790 shares or 5.57% of their US portfolio. Moreover, Marietta Investment Partners Llc has 5.27% invested in the company for 167,312 shares. The New York-based Robecosam Usa Inc. has invested 5.17% in the stock. Goodman Financial Corp, a Texas-based fund reported 60,760 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $1.76 million net activity.

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

Ratings analysis reveals 80% of AO Smith Corp’s analysts are positive. Out of 10 Wall Street analysts rating AO Smith Corp, 8 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $80 while the high is $111. The stock’s average target of $92 is 89.26% above today’s ($48.61) share price. AOS was included in 11 notes of analysts from September 11, 2015. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, April 8. The firm has “Outperform” rating given on Tuesday, April 5 by BMO Capital Markets. William Blair initiated A. O. Smith Corp (NYSE:AOS) rating on Friday, September 11. William Blair has “Outperform” rating and $80 price target. The firm earned “Hold” rating on Friday, January 8 by Maxim Group. The stock has “Buy” rating given by Northland Capital on Tuesday, March 8. As per Friday, June 17, the company rating was initiated by Longbow. The stock of A. O. Smith Corp (NYSE:AOS) has “Buy” rating given on Tuesday, November 3 by SunTrust. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, November 3. SunTrust maintained the shares of AOS in a report on Thursday, July 14 with “Buy” rating. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by Jefferies on Friday, September 23.

AOS Company Profile

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 announces two-for-one stock split” on September 07, 2016.

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By Linda Rogers

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