A.O. Smith Corp. (NYSE:AOS) announced a quarterly dividend on Thursday, October 6th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.12 per share on Tuesday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%.
Shares of A.O. Smith Corp. (NYSE:AOS) opened at 51.41 on Friday. The stock’s 50 day moving average price is $47.99 and its 200-day moving average price is $43.42. The firm has a market capitalization of $4.49 billion, a PE ratio of 14.56 and a beta of 1.36. A.O. Smith Corp. has a 12 month low of $30.15 and a 12 month high of $51.49.
A.O. Smith Corp. (NYSE:AOS) last posted its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.08. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The company had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that A.O. Smith Corp. will post $3.64 earnings per share for the current fiscal year.
In other A.O. Smith Corp. news, Director Mark D. Smith sold 1,146 shares of A.O. Smith Corp. stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $93.76, for a total transaction of $107,448.96. Following the sale, the director now directly owns 54,850 shares of the company’s stock, valued at $5,142,736. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilfridus M. Brouwer sold 6,200 shares of A.O. Smith Corp. stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $93.29, for a total value of $578,398.00. Following the sale, the insider now directly owns 19,449 shares in the company, valued at $1,814,397.21. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in A.O. Smith Corp. during the second quarter worth $106,000. Cantab Capital Partners LLP purchased a new position in A.O. Smith Corp. during the second quarter worth about $228,000. Advisor Group Inc. purchased a new position in A.O. Smith Corp. during the second quarter worth about $325,000. KCG Holdings Inc. purchased a new position in A.O. Smith Corp. during the second quarter worth about $334,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in A.O. Smith Corp. during the second quarter worth about $370,000. 76.34% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. KeyCorp restated a “buy” rating and set a $107.00 target price on shares of A.O. Smith Corp. in a report on Thursday. Zacks Investment Research raised A.O. Smith Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. BMO Capital Markets set a $53.00 price target on A.O. Smith Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. SunTrust Banks Inc. lowered their price target on A.O. Smith Corp. from $51.50 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, Longbow Research started coverage on A.O. Smith Corp. in a research report on Friday, June 17th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $53.79.
A.O. Smith Corp. Company Profile
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
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