Smith (A.O.) Corporation (NYSE:AOS) SVP Charles T. Lauber sold 7,594 shares of Smith (A.O.) Corporation stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $59.85, for a total value of $454,500.90. Following the completion of the sale, the senior vice president now directly owns 26,240 shares in the company, valued at approximately $1,570,464. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

The business also recently declared 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 of this dividend is Monday, October 30th. This represents a $0.56 annualized dividend and a dividend yield of 0.93%. Smith (A.O.) Corporation’s dividend payout ratio is presently 27.45%.

ILLEGAL ACTIVITY NOTICE: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/03/smith-a-o-corporation-aos-svp-sells-454500-90-in-stock.html.

A number of research firms have issued reports on AOS. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) Corporation in a research note on Friday, August 11th. Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird set a $61.00 price objective on Smith (A.O.) Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Smith (A.O.) Corporation presently has a consensus rating of “Hold” and a consensus price target of $62.80.

Several large investors have recently bought and sold shares of AOS. Toronto Dominion Bank grew its position in Smith (A.O.) Corporation by 11.8% in the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares during the period. Tower Research Capital LLC TRC grew its position in Smith (A.O.) Corporation by 973.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares during the period. CENTRAL TRUST Co grew its position in Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Smith (A.O.) Corporation by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 119 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Smith (A.O.) Corporation in the second quarter worth approximately $113,000. 74.04% of the stock is owned by hedge funds and other institutional investors.

Smith (A.O.) Corporation Company Profile

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)

Receive News & Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related companies with MarketBeat.com's FREE daily email newsletter.