A. O. Smith Corp (AOS) Director Sells $434,000.00 in Stock
A. O. Smith Corp (NYSE:AOS) Director Ronald D. Brown sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $54.25, for a total value of $434,000.00. Following the completion of the transaction, the director now directly owns 43,896 shares in the company, valued at $2,381,358. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of A. O. Smith Corp (NYSE:AOS) traded up 0.30% during midday trading on Wednesday, reaching $54.29. 525,640 shares of the company’s stock were exchanged. A. O. Smith Corp has a one year low of $40.51 and a one year high of $55.41. The stock’s 50-day moving average is $52.54 and its 200 day moving average is $50.05. The firm has a market cap of $9.39 billion, a PE ratio of 27.98 and a beta of 1.42.
A. O. Smith Corp (NYSE:AOS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. A. O. Smith Corp had a net margin of 12.16% and a return on equity of 21.77%. The business had revenue of $740 million during the quarter, compared to the consensus estimate of $698.38 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts anticipate that A. O. Smith Corp will post $2.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 26th. This represents a $0.56 annualized dividend and a dividend yield of 1.03%. A. O. Smith Corp’s payout ratio is currently 30.35%.
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Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in A. O. Smith Corp by 4,592.7% in the first quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock valued at $668,415,000 after buying an additional 12,786,787 shares during the last quarter. Janus Capital Management LLC increased its stake in A. O. Smith Corp by 145.4% in the fourth quarter. Janus Capital Management LLC now owns 7,043,466 shares of the industrial products company’s stock valued at $333,508,000 after buying an additional 4,173,616 shares during the last quarter. FMR LLC increased its stake in A. O. Smith Corp by 110.9% in the fourth quarter. FMR LLC now owns 7,406,450 shares of the industrial products company’s stock valued at $350,695,000 after buying an additional 3,893,815 shares during the last quarter. Brown Advisory Inc. increased its stake in A. O. Smith Corp by 1,462.1% in the fourth quarter. Brown Advisory Inc. now owns 3,653,593 shares of the industrial products company’s stock valued at $172,996,000 after buying an additional 3,419,709 shares during the last quarter. Finally, State Street Corp increased its stake in A. O. Smith Corp by 68.0% in the fourth quarter. State Street Corp now owns 6,267,617 shares of the industrial products company’s stock valued at $296,770,000 after buying an additional 2,537,748 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.
Several research firms recently issued reports on AOS. Zacks Investment Research cut A. O. Smith Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Stifel Nicolaus boosted their target price on shares of A. O. Smith Corp from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, February 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of A. O. Smith Corp in a research note on Friday, April 28th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.17.
About A. O. Smith Corp
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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