A.O. Smith Corp. Insider Mark Petrarca Sells 15,000 Shares (AOS)
A.O. Smith Corp. (NYSE:AOS) Insider Mark Petrarca sold 15,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $50.28, for a total transaction of $754,200.00. Following the transaction, the insider now directly owns 37,342 shares in the company, valued at approximately $1,877,556. The sale was disclosed in a filing with the SEC, which is available at this link.
A.O. Smith Corp. (NYSE:AOS) traded down 2.22% on Wednesday, hitting $50.25. The stock had a trading volume of 984,359 shares. A.O. Smith Corp. has a one year low of $27.695 and a one year high of $44.92. The stock’s 50-day moving average is $42.42 and its 200-day moving average is $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. Analysts expect that A.O. Smith Corp. will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price 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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