A. O. Smith Corp (NYSE:AOS) Increases Dividend to $0.24 Per Share

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A. O. Smith Corp (NYSE:AOS) announced a quarterly dividend on Thursday, October 10th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.24 per share by the industrial products company on Friday, November 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, October 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.22.

A. O. Smith stock opened at $51.07 on Monday. A. O. Smith has a 12 month low of $40.34 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.19 and a quick ratio of 1.74. The business has a 50 day simple moving average of $48.25 and a 200-day simple moving average of $47.44. The stock has a market capitalization of $8.37 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.40 and a beta of 1.53.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.03). A. O. Smith had a return on equity of 24.31% and a net margin of 13.71%. The company had revenue of $765.40 million for the quarter, compared to analysts’ expectations of $812.29 million. During the same quarter last year, the company earned $0.61 EPS. A. O. Smith’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that A. O. Smith will post 2.37 EPS for the current year.

In other A. O. Smith news, VP Helen E. Gurholt sold 1,263 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $45.82, for a total value of $57,870.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ajita G. Rajendra sold 16,556 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $49.47, for a total value of $819,025.32. Following the completion of the transaction, the chairman now owns 78,163 shares of the company’s stock, valued at approximately $3,866,723.61. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

AOS has been the subject of several analyst reports. TheStreet upgraded A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. ValuEngine cut A. O. Smith from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Jefferies Financial Group initiated coverage on A. O. Smith in a research report on Wednesday, July 10th. They issued a “hold” rating for the company. Finally, Northcoast Research reiterated a “buy” rating on shares of A. O. Smith in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. A. O. Smith currently has a consensus rating of “Hold” and an average target price of $54.85.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.

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Dividend History for A. O. Smith (NYSE:AOS)

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