A.O. Smith Corp. (NYSE:AOS) announced a quarterly dividend on Thursday, October 6th. Shareholders of record on Monday, October 31st will be given a dividend of 0.12 per share on Tuesday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%.
A.O. Smith Corp. (NYSE:AOS) traded up 1.07% during midday trading on Thursday, reaching $51.41. The company’s stock had a trading volume of 844,624 shares. A.O. Smith Corp. has a 1-year low of $50.39 and a 1-year high of $102.73. The firm has a 50 day moving average price of $95.72 and a 200 day moving average price of $86.72. 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. (NYSE:AOS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 earned $667 million during the quarter, compared to analyst estimates of $696.69 million. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that A.O. Smith Corp. will post $3.64 EPS for the current year.
In other news, Director Mark D. Smith sold 1,146 shares of the business’s 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 in the company, valued at $5,142,736. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the business’s 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 owns 19,449 shares in the company, valued at $1,814,397.21. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of A.O. Smith Corp. during the second quarter worth $106,000. Alliancebernstein L.P. boosted its stake in shares of A.O. Smith Corp. by 98.3% in the second quarter. Alliancebernstein L.P. now owns 1,397,080 shares of the company’s stock worth $123,097,000 after buying an additional 692,461 shares during the period. GAM Holding AG bought a new stake in shares of A.O. Smith Corp. during the second quarter worth $472,000. HighTower Advisors LLC boosted its stake in shares of A.O. Smith Corp. by 1.8% in the second quarter. HighTower Advisors LLC now owns 24,194 shares of the company’s stock worth $2,123,000 after buying an additional 417 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of A.O. Smith Corp. during the second quarter worth $2,292,000. Institutional investors and hedge funds own 76.34% of the company’s stock.
AOS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a report on Thursday, July 28th. Longbow Research initiated coverage on A.O. Smith Corp. in a report on Friday, June 17th. They set a “neutral” rating for the company. Jefferies Group cut their price target on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating for the company in a report on Friday, September 23rd. SunTrust Banks Inc. cut their price target on A.O. Smith Corp. from $51.50 to $45.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Finally, BMO Capital Markets set a $53.00 price target on A.O. Smith Corp. and gave the stock a “buy” rating in a report on Monday, August 8th. Four research 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 a consensus 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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