Smith (A.O.) Co. (NYSE:AOS) announced a quarterly dividend on Monday, April 9th, RTT News reports. Investors of record on Monday, April 30th will be given a dividend of 0.18 per share by the industrial products company on Tuesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.14%.
Smith (A.O.) has increased its dividend by an average of 23.1% per year over the last three years and has increased its dividend every year for the last 12 years. Smith (A.O.) has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Smith (A.O.) to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.4%.
Shares of AOS stock traded down $0.17 on Monday, hitting $63.00. 640,740 shares of the stock traded hands, compared to its average volume of 1,046,463. Smith has a 1-year low of $49.54 and a 1-year high of $68.39. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10,834.35, a P/E ratio of 29.03, a P/E/G ratio of 1.84 and a beta of 1.52.
AOS has been the topic of several analyst reports. Zacks Investment Research lowered Smith (A.O.) from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $59.00 target price on shares of Smith (A.O.) in a research report on Monday, December 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $78.00 target price on shares of Smith (A.O.) in a research report on Friday, January 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, January 30th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 target price on shares of Smith (A.O.) in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Smith (A.O.) has a consensus rating of “Buy” and a consensus price target of $67.83.
In other news, Chairman Ajita G. Rajendra sold 6,800 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $64.02, for a total value of $435,336.00. Following the completion of the transaction, the chairman now owns 301,018 shares of the company’s stock, valued at $19,271,172.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wilfridus M. Brouwer sold 30,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total value of $1,893,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 110,635 shares of company stock valued at $7,149,622. Company insiders own 1.28% of the company’s stock.
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Smith (A.O.) Company Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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