Sunday, June 26, 2022

A Guide To The Risks Of Investing In A. O. Smith Corporation (AOS)

A. O. Smith Corporation’s recently made public that its SVP – Global Operations Carver Samuel M. unloaded Company’s shares for reported $0.12 million on May 03. In the deal valued at $59.57 per share,2,000 shares were sold. As a result of this transaction, Carver Samuel M. now holds 5,144 shares worth roughly $ 0.27 million.


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Then, Larsen Michael M bought 3,925 shares, generating $274,240 in total proceeds. Upon buying the shares at $69.87, the Director now owns 7,425 shares.

Before that, Rajendra Ajita G sold 4,209 shares. A. O. Smith Corporation shares valued at $350,574 were divested by the Director at a price of $83.29 per share. As a result of the transaction, Rajendra Ajita G now holds 23,732 shares, worth roughly $1.26 million.

In the meantime, Loop Capital initiated its A. O. Smith Corporation [AOS] rating to a Buy in a research note published on Tuesday, November 23, 2021; the price target was $100. PT values the company’s stock at a premium of 47.11 to its Tuesday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Outperform”. Stifel also remained covering AOS and has decreased its forecast on April 05, 2021 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on October 23, 2020. It rated AOS as “a Neutral”.

Price Performance Review of AOS

On Tuesday, A. O. Smith Corporation [NYSE:AOS] saw its stock fall -0.41% to $52.89. On the same session, the stock had its day’s lowest price of $52.16, but rose to a high of $53.59. Over the last five days, the stock has lost -5.71%. A. O. Smith Corporation shares have fallen nearly -38.39% since the year began. Nevertheless, the stocks have fallen -21.81% over the past one year. While a 52-week high of $86.74 was reached on 01/04/22, a 52-week low of $53.00 was recorded on 06/21/22. SMA at 50 days reached $60.20, while 200 days put it at $69.98. A total of 1.58 million shares were traded, compared to the trading of 1.91 million shares in the previous session.

Levels Of Support And Resistance For AOS Stock

The 24-hour chart illustrates a support level at 52.17, which if violated will result in even more drops to 51.45. On the upside, there is a resistance level at 53.60. A further resistance level may holdings at 54.31. The Relative Strength Index (RSI) on the 14-day chart is 28.42, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.79%. Stochastics %K at 3.19% indicates the stock is a buying.

A. O. Smith Corporation [AOS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,431,508 shares, or roughly 11.10% of the outstanding AOS shares. In other words, the investor’s shares have fallen by -211,959 from its previous 13-F filing of 14643467.0. Additionally, SSgA Funds Management, Inc. decreased -12.49% of its stake after which the total value it holdings stand at $468,773,315, while BlackRock Fund Advisors reduced -1.40% of its stake to hold $411.53 million in the firm. Over the last quarter, Pictet Asset Management SA sold -125,717 shares of A. O. Smith Corporation, while Brown Brothers Harriman & Co. sold 65,696 shares. At present, Impax Asset Management Ltd. is holding 3,274,394 shares valued at $196.86 million. Geode Capital Management LLC owned 2,887,099 shares of the company at the time of its most recent 13F filing, worth $173.57 million.

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