The President & COO of AO Smith Corp (NYSE: AOS) is Buying Shares

By Carrie Williams

Today, the President & COO of AO Smith Corp (NYSE: AOS), Kevin Wheeler, bought shares of AOS for $440.2K.

Following this transaction Kevin Wheeler’s holding in the company was increased by 4010.7% to a total of $1.03 million. Following Kevin Wheeler’s last AOS Buy transaction on May 05, 2017, the stock climbed by 6.5%.

Based on AO Smith Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $750 million and quarterly net profit of $93.7 million. In comparison, last year the company earned revenue of $684 million and had a net profit of $83.2 million. The company has a one-year high of $63.70 and a one-year low of $46.44. AOS’s market cap is $11.74B and the company has a P/E ratio of 30.10.

12 different firms, including B.Riley FBR and BMO Capital, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.8, reflecting a -6.7% downside.

In the last 30 days, insiders have sold $3.67M worth of AOS shares and purchased $440.2K worth of AOS shares. The insider sentiment on AO Smith Corp has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Kevin Wheeler’s trades have generated a -24.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the North America and Rest of World segments. The North America segment manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks.