Smith (A.O.) Corporation (NYSE:AOS) Director Idelle K. Wolf sold 2,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the director now owns 52,053 shares of the company’s stock, valued at $3,123,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million during the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) Corporation had a net margin of 12.18% and a return on equity of 22.42%. Smith (A.O.) Corporation’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a $0.14 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.56 annualized dividend and a yield of 0.93%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is presently 27.45%.

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AOS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and set a $56.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, August 11th. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, October 27th. BidaskClub downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $65.00 price objective on shares of Smith (A.O.) Corporation in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Smith (A.O.) Corporation currently has a consensus rating of “Hold” and a consensus price target of $62.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Tennessee Treasury Department raised its holdings in Smith (A.O.) Corporation by 143.9% in the 2nd quarter. State of Tennessee Treasury Department now owns 536,200 shares of the industrial products company’s stock worth $30,204,000 after acquiring an additional 316,400 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Smith (A.O.) Corporation by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 553,602 shares of the industrial products company’s stock worth $31,185,000 after acquiring an additional 33,790 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Smith (A.O.) Corporation by 23.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,271 shares of the industrial products company’s stock worth $2,719,000 after acquiring an additional 9,130 shares during the period. Somerset Trust Co raised its holdings in Smith (A.O.) Corporation by 0.4% in the 2nd quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock worth $701,000 after acquiring an additional 55 shares during the period. Finally, Swiss National Bank raised its holdings in Smith (A.O.) Corporation by 2.5% in the 2nd quarter. Swiss National Bank now owns 536,300 shares of the industrial products company’s stock worth $30,210,000 after acquiring an additional 12,900 shares during the period. Hedge funds and other institutional investors own 74.04% of the company’s stock.

About Smith (A.O.) Corporation

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.

Insider Buying and Selling by Quarter for Smith (A.O.) Corporation (NYSE:AOS)

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