A.O. Smith Corp. CFO John Kita Sells 8,000 Shares (AOS)
A.O. Smith Corp. (NYSE:AOS) CFO John Kita sold 8,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $51.01, for a total value of $408,080.00. Following the transaction, the chief financial officer now directly owns 38,364 shares of the company’s stock, valued at approximately $1,956,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of A.O. Smith Corp. (NYSE:AOS) traded down 2.22% during mid-day trading on Wednesday, hitting $50.25. 984,359 shares of the company’s stock traded hands. A.O. Smith Corp. has a 52-week low of $27.695 and a 52-week high of $44.92. The stock has a 50-day moving average of $42.42 and a 200-day moving average of $38.. The company has a market cap of $4.649 billion and a price-to-earnings ratio of 30.53.
A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Monday, October 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $509.77 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $2.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, October 29th.
A number of analysts have recently weighed in on AOS shares. Analysts at Jefferies Group raised their price target on shares of A.O. Smith Corp. from $47.00 to $56.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of A.O. Smith Corp. from $48.00 to $55.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of A.O. Smith Corp. from $50.00 to $58.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.71.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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