Could A. O. Smith Corp (AOS) See a Reversal After Breaking All Highs?

October 13, 2017 - By Henry Gaston

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.
Ls Invest Advsrs Ltd Liability Co has invested 0.06% in A. O. Smith Corp (NYSE:AOS). Trust Of Toledo Na Oh stated it has 22,500 shares or 0.33% of all its holdings. Principal Fincl has 0.04% invested in A. O. Smith Corp (NYSE:AOS). Barclays Public Ltd Co owns 0% invested in A. O. Smith Corp (NYSE:AOS) for 32,574 shares. Moreover, North Star Investment has 0% invested in A. O. Smith Corp (NYSE:AOS) for 223 shares. Swiss State Bank stated it has 536,300 shares or 0.04% of all its holdings. Weaver C Barksdale And Inc has invested 0.02% in A. O. Smith Corp (NYSE:AOS). Gam Ag stated it has 0.02% in A. O. Smith Corp (NYSE:AOS). Old Mutual Customised Solutions (Proprietary) invested 0.04% of its portfolio in A. O. Smith Corp (NYSE:AOS). Turtle Creek Asset owns 0.04% invested in A. O. Smith Corp (NYSE:AOS) for 5,900 shares. Evercore Wealth Management Limited Liability holds 1.73% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 794,702 shares. Pacad Invest Ltd stated it has 0.11% in A. O. Smith Corp (NYSE:AOS). Marietta Inv Prtnrs Ltd Liability holds 341,687 shares or 6.18% of its portfolio. Credit Agricole S A owns 0.04% invested in A. O. Smith Corp (NYSE:AOS) for 207,572 shares. Bb&T Securities has 17,773 shares.

Since May 1, 2017, it had 0 insider purchases, and 11 selling transactions for $9.66 million activity. Another trade for 13,600 shares valued at $739,708 was made by Wheeler Kevin J. on Thursday, May 4. WOLF IDELLE K had sold 750 shares worth $41,220. 25,200 shares were sold by STERN JAMES F, worth $1.37M on Thursday, May 25. Another trade for 30,141 shares valued at $1.62M was made by Heideman Robert J on Monday, May 1. BROWN RONALD D had sold 8,000 shares worth $433,961 on Wednesday, May 24. 3,987 shares were sold by Lauber Charles T, worth $216,707. 31,619 A. O. Smith Corp (NYSE:AOS) shares with value of $1.70 million were sold by KITA JOHN J.

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 rating was initiated by BB&T Capital with “Buy” on Wednesday, September 23. The firm earned “Outperform” rating on Friday, September 11 by William Blair. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, April 28. Robert W. Baird maintained A. O. Smith Corp (NYSE:AOS) rating on Tuesday, September 5. Robert W. Baird has “Buy” rating and $62.0 target. The firm has “Buy” rating by Suntrust Robinson given on Tuesday, November 3. Oppenheimer maintained the shares of AOS in report on Wednesday, July 26 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Friday, July 7. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, April 8. The stock of A. O. Smith Corp (NYSE:AOS) earned “Outperform” rating by BMO Capital Markets on Tuesday, April 5. The firm has “Neutral” rating given on Friday, June 17 by Longbow.

More recent A. O. Smith Corp (NYSE:AOS) news were published by: Prnewswire.com which released: “Daily Technical Summary Reports on Electrical Equipment Stocks — Ballard …” on September 21, 2017. Also Bizjournals.com published the news titled: “AO Smith’s new corporate technology center gets underway” on October 05, 2017. Nasdaq.com‘s news article titled: “Zacks.com featured highlights: Facebook, NVIDIA, Principal Financial Group, AO …” with publication date: October 10, 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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