A.O. Smith Corp. SVP Unloads $291,313 in Stock (AOS)
A.O. Smith Corp. (NYSE:AOS) SVP Steve Rettler sold 5,764 shares of A.O. Smith Corp. stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $50.54, for a total transaction of $291,312.56. Following the transaction, the senior vice president now directly owns 26,918 shares of the company’s stock, valued at approximately $1,360,436. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AOS shares. Analysts at BMO Capital Markets raised their price target on shares of A.O. Smith Corp. from $48.00 to $52.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. A.O. Smith Corp. has an average rating of “Buy” and an average price target of $49.71.
A.O. Smith Corp. (NYSE:AOS) traded up 1.16% during mid-day trading on Friday, hitting $50.75. 351,354 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 $4.695 billion and a price-to-earnings ratio of 29.81.
A.O. Smith Corp. (NYSE:AOS) last posted its quarterly 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 declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors 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 0.95%. The ex-dividend date of this dividend is Tuesday, October 29th.
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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