The SVP-Chief Tech. Officer of AO Smith Corp is Exercising Options

By Carrie Williams

Today, the SVP-Chief Tech. Officer of AO Smith Corp, Robert Heideman, exercised options of AO Smith Corp for $716.4K.

Following Robert Heideman’s last AOS Sell transaction on May 02, 2017, the stock climbed by 9.9%. In addition to Robert Heideman, 2 other AOS executives reported Sell trades in the last month.

Based on AO Smith Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $769 million and quarterly net profit of $22.7 million. In comparison, last year the company earned revenue of $698 million and had a net profit of $82.7 million. The company has a one-year high of $68.39 and a one-year low of $48.93. AOS’s market cap is $11.96B and the company has a P/E ratio of 36.9.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $73, reflecting a -12.2% downside.

In the last 30 days, insiders have sold $1.9M worth of AOS shares and purchased $87.76K worth of AOS shares. The insider sentiment on AO Smith Corp has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.