News coverage about A. O. Smith (NYSE:AOS) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. A. O. Smith earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.1918217644297 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- A. O. Smith Corp (AOS) Stake Raised by BlackRock Inc. (americanbankingnews.com)
- Smith Asset Management Group LP Sells 5,790 Shares of A. O. Smith Corp (AOS) (americanbankingnews.com)
- Zacks: Analysts Expect A. O. Smith Corp (AOS) Will Post Quarterly Sales of $791.40 Million (americanbankingnews.com)
- FDx Advisors Inc. Has $2.03 Million Stake in A. O. Smith Corp (AOS) (americanbankingnews.com)
- A. O. Smith Corp (AOS) Shares Bought by Ontario Teachers Pension Plan Board (americanbankingnews.com)
AOS has been the topic of several analyst reports. Zacks Investment Research cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Boenning Scattergood reissued a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 30th. BMO Capital Markets reissued a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and set a $59.00 price target on shares of A. O. Smith in a research report on Monday, December 11th. Finally, Robert W. Baird restated a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $67.83.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. A. O. Smith had a net margin of 2.95% and a return on equity of 5.49%. A. O. Smith’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. sell-side analysts anticipate that A. O. Smith will post 2.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. A. O. Smith’s payout ratio is currently 42.35%.
In related news, VP James F. Stern sold 12,423 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $62.28, for a total value of $773,704.44. Following the transaction, the vice president now owns 146,257 shares in the company, valued at approximately $9,108,885.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Ajita G. Rajendra sold 3,610 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $62.74, for a total transaction of $226,491.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,649 shares of company stock worth $7,244,690 over the last 90 days. 1.27% of the stock is owned by company insiders.
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About A. O. Smith
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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