Why Are Shares of A.O. Smith (AOS) Down Today?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.