After this morning's -2.6% drop to $59.89 per share, A.O. Smith might just keep moving past its target price of $59.33. With an average analyst rating of hold, and target prices from $46 to $67, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 5.7%, and a short ratio of 6.02. Only 0.74% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 99.8% of A.O. Smith's shares being owned by this investor type.
Institutions Invested in A.O. Smith
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 14,657,028 | 2022-09-29 | 12% | $877,809,397 |
| Blackrock Inc. | 10,241,194 | 2022-09-29 | 8% | $613,345,102 |
| State Street Corporation | 8,804,868 | 2022-09-29 | 7% | $527,323,539 |
| Impax Asset Management Group Plc | 4,001,360 | 2022-09-29 | 3% | $239,641,447 |
| Pictet Asset Management SA | 3,571,176 | 2022-09-29 | 3% | $213,877,728 |
| Brown Brothers Harriman & Co | 3,462,013 | 2022-09-29 | 3% | $207,339,956 |
| Invesco Ltd. | 3,040,190 | 2022-09-29 | 2% | $182,076,977 |
| Geode Capital Management, LLC | 2,914,474 | 2022-09-29 | 2% | $174,547,846 |
| ProShares Advisors, LLC | 2,702,330 | 2022-09-29 | 2% | $161,842,542 |
| First Trust Advisors LP | 2,420,177 | 2022-09-29 | 2% | $144,944,399 |
