Smith A O Corp (AOS): Peter R Martineau , Senior Vice President – CIO of Smith A O Corp sold 3,800 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $83.10 per share for a total value of $315,775.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Ajita G Rajendra (Chairman and CEO) sold 5,000 shares at $83.70 per share price.On May 25, 2016, Charles T Lauber (SVP, Strategy & Corporate Dev.) sold 1,072 shares at $83.54 per share price.Also, On May 20, 2016, Ronald D Brown (director) sold 4,000 shares at $80.69 per share price.On May 20, 2016, John J Kita (Executive Vice President & CFO) sold 11,000 shares at $80.55 per share price.
A. O. Smith Corp: On Friday, May 27, 2016 heightened volatility was witnessed in A. O. Smith Corp which led to swings in the share price. The shares opened for trading at $83.23 and hit $83.4 on the upside , eventually ending the session at $83.34, with a gain of 0.47% or 0.39 points. The heightened volatility saw the trading volume jump to 6,42,060 shares. The 52-week high of the share price is $83.92 and the company has a market cap of $7,296 M . The 52-week low of the share price is at $50.09.
Company has been under the radar of several Street Analysts.A. O. Smith Corp is Initiated by Northcoast to Buy. The Rating was issued on Mar 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.