Is A. O. Smith Corp (AOS) a Buy? The Stock Reaches Record High Today

October 13, 2017 - By Migdalia James

Investors sentiment decreased to 0.94 in 2017 Q2. Its down 0.08, from 1.02 in 2017Q1. It fall, 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.
Benjamin F Edwards & Commerce Inc has invested 0.01% in A. O. Smith Corp (NYSE:AOS). Echo Street Management Ltd Liability Company holds 0.23% or 111,099 shares in its portfolio. Geode Capital Mngmt Ltd Llc owns 0.03% invested in A. O. Smith Corp (NYSE:AOS) for 1.27M shares. Moreover, Bankshares Of America De has 0% invested in A. O. Smith Corp (NYSE:AOS) for 354,126 shares. Moreover, Exane Derivatives has 0% invested in A. O. Smith Corp (NYSE:AOS) for 5 shares. Northern Tru owns 1.52M shares for 0.02% of their portfolio. Cambridge Rech Advsr reported 7,874 shares stake. State Street owns 6.91M shares. Agf America Inc holds 154,987 shares. Tru Investment accumulated 0.7% or 11,565 shares. Creative Planning holds 0% or 2,394 shares. First Mercantile Trust Communication reported 4,711 shares stake. Highland Mngmt L P stated it has 0.01% of its portfolio in A. O. Smith Corp (NYSE:AOS). Eaton Vance Mgmt owns 71,000 shares or 0.01% of their US portfolio. National Asset Mngmt stated it has 4,364 shares.

Since May 1, 2017, it had 0 insider buys, and 11 sales for $9.66 million activity. $67,014 worth of A. O. Smith Corp (NYSE:AOS) was sold by WOLF IDELLE K. 31,619 shares were sold by KITA JOHN J, worth $1.70M on Monday, May 1. On Monday, May 1 Heideman Robert J sold $1.62 million worth of A. O. Smith Corp (NYSE:AOS) or 30,141 shares. BROWN RONALD D also sold $433,961 worth of A. O. Smith Corp (NYSE:AOS) shares. Lauber Charles T sold $216,707 worth of stock. $1.66 million worth of A. O. Smith Corp (NYSE:AOS) was sold by Rajendra Ajita G. Wheeler Kevin J. also sold $739,708 worth of A. O. Smith Corp (NYSE:AOS) on Thursday, May 4.

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.

Analysts await A. O. Smith Corp (NYSE:AOS) to report earnings on October, 25. They expect $0.53 earnings per share, up 12.77 % or $0.06 from last year’s $0.47 per share. AOS’s profit will be $91.25 million for 28.91 P/E if the $0.53 EPS becomes a reality. After $0.53 actual earnings per share reported by A. O. Smith Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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. The company was maintained on Friday, April 8 by KeyBanc Capital Markets. Suntrust Robinson initiated the shares of AOS in report on Tuesday, November 3 with “Buy” rating. The stock of A. O. Smith Corp (NYSE:AOS) earned “Buy” rating by Robert W. Baird on Tuesday, September 5. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 7. The firm has “Buy” rating given on Thursday, October 12 by SunTrust. The rating was maintained by SunTrust with “Buy” on Thursday, July 14. Jefferies maintained the stock with “Buy” rating in Friday, August 11 report. On Monday, May 1 the stock rating was downgraded by KeyCorp to “Sector Weight”. The firm has “Buy” rating by Northland Capital given on Tuesday, March 8. The stock of A. O. Smith Corp (NYSE:AOS) earned “Outperform” rating by BMO Capital Markets on Tuesday, April 5.

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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