Large Outflow of Money Witnessed in Smith (A.O.) Corporation

Smith (A.O.) Corporation (NYSE:AOS) managed to eke out gains of 0.08% in intraday trade. The share price increased by 0.07 points to $83.75. Till last observation, the net money flow was recorded at a negative $(-1.69) million. The total inflow of $7.49 million in upticks was completely overshadowed by an outflow of $9.19 million in downticks, giving the up/down ratio a value of 0.82. The shares have seen a change of 2.11% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $0.93 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-0.93) million.


Currently the company Insiders own 1.76% of Smith (A.O.) Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.17% . Institutional Investors own 75.04% of Smith (A.O.) Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.12%. On the companys insider trading activities, Martineau Peter R, officer (Senior Vice President – CIO) of Smith A O Corp, unloaded 3,800 shares at an average price of $83.1 on May 27, 2016. The total amount of the transaction was worth $315,780, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Smith (A.O.) Corporation (NYSE:AOS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 0.63% at $83.15 with 708,853 shares getting traded. Post opening the session at $83.02, the shares hit an intraday low of $83.02 and an intraday high of $84.33 and the price was in this range throughout the day. The company has a market cap of $7,279 million and the number of outstanding shares have been calculated to be 87,544,304 shares. The 52-week high of Smith (A.O.) Corporation (NYSE:AOS) is $85.39 and the 52-week low is $50.09.

Many analysts have stated their opinion on the company shares. KeyBanc maintains its rating on Smith (A.O.) Corporation (NYSE:AOS). The global brokerage major raises a current price target of $88 per share. Analysts at the KeyBanc have a current rating of Overweight on the shares. The rating by the firm was issued on April 8, 2016.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company 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.

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