AOS - A.O. Smith Insider Trades SendAa Signal | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on April 10, involves Ajita G Rajendra, Director at A.O. Smith (NYSE:AOS).
What Happened: In a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, it was disclosed that Rajendra bought 1,626 shares of A.O. Smith, amounting to a total of $140,063.
At Thursday morning, A.O. Smith shares are down by 0.21%, trading at $85.35.
Delving into A.O. Smith's Background
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
A.O. Smith's Economic Impact: An Analysis
Revenue Growth: Over the 3 months period, A.O. Smith showcased positive performance, achieving a revenue growth rate ...