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

A. O. Smith Corporation’s recent filing unveils that its Chairman, President and CEO Wheeler Kevin J. unloaded Company’s shares for reported $0.89 million on Aug 25. In the deal valued at $69.09 per share,12,917 shares were sold. As a result of this transaction, Wheeler Kevin J. now holds 71,463 shares worth roughly $ 5.14 million.

Then, WOLF IDELLE K sold 1,142 shares, generating $83,103 in total proceeds. Upon selling the shares at $72.77, the Director now owns 50,222 shares.

Before that, Otchere Benjamin A sold 4,285 shares. A. O. Smith Corporation shares valued at $299,970 were divested by the Vice President and Controller at a price of $70.00 per share. As a result of the transaction, Otchere Benjamin A now holds 547 shares, worth roughly $39351.18.

Seaport Research Partners initiated its A. O. Smith Corporation [AOS] rating to a Neutral in a research note published on Tuesday.

Price Performance Review of AOS

On Tuesday, A. O. Smith Corporation [NYSE:AOS] saw its stock fall -2.22% to $71.94. On the same session, the stock had its day’s lowest price of $71.17, but rose to a high of $73.30. Over the last five days, the stock has gained 1.74%. A. O. Smith Corporation shares have risen nearly 25.68% since the year began. Nevertheless, the stocks have risen 27.51% over the past one year. While a 52-week high of $76.94 was reached on 07/20/23, a 52-week low of $46.58 was recorded on 01/20/23. SMA at 50 days reached $72.41, while 200 days put it at $66.80. A total of 0.83 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For AOS Stock

The 24-hour chart illustrates a support level at 70.97, which if violated will result in even more drops to 70.01. On the upside, there is a resistance level at 73.10. A further resistance level may holdings at 74.27. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.35%. Stochastics %K at 88.29% indicates the stock is a selling.

How much short interest is there in A. O. Smith Corporation?

A steep rise in short interest was recorded in A. O. Smith Corporation stocks on Aug 14, 2023, dropping by -0.75 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.94 million shares. There was a decline of -23.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.98.

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 14,048,029 shares, or roughly 11.28% of the outstanding AOS shares. In other words, the investor’s shares have fallen by -93,078 from its previous 13-F filing of 14141107.0. Additionally, SSgA Funds Management, Inc. decreased -12.63% of its stake after which the total value it holdings stand at $556,415,452, while BlackRock Fund Advisors reduced -6.86% of its stake to hold $466.45 million in the firm. At present, Brown Brothers Harriman & Co. is holding 2,895,454 shares valued at $210.3 million. Invesco Capital Management LLC owned 2,600,440 shares of the company at the time of its most recent 13F filing, worth $188.87 million.

According to FactSet, A. O. Smith Corporation’s share price will average $75.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.02 percent from its previous closing price of $73.57. Analysts expect A. O. Smith Corporation stock to reach the higher price of $87.00, while the lowest price estimate is $62.00. However, 14 analysts have rated AOS stock as a Hold in their predictions for 2023.