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Investors boost stakes in A. O. Smith despite "Hold" rating, as earnings surprise analysts.
Envestnet Portfolio Solutions and Asset Management One Co. Ltd. have recently increased their investments in A. O. Smith Corporation, a company that makes water heaters and related products.
Despite analysts giving A. O. Smith a "Hold" rating, the company's recent earnings of $0.95 per share exceeded expectations.
A. O. Smith has a market cap of $9.33 billion and is forecast to have earnings of $3.76 per share this year.
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Los inversores aumentan sus participaciones en A. O. Smith a pesar de la calificación de "Hold", ya que las ganancias sorprenden a los analistas.