Smith (A.O.) Corporation (NYSE:AOS) Chairman Ajita G. Rajendra sold 3,610 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $62.74, for a total value of $226,491.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Smith (NYSE:AOS) traded down $0.61 on Friday, reaching $62.81. The company had a trading volume of 823,040 shares, compared to its average volume of 1,008,503. The stock has a market capitalization of $10,800.00, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 1.56. Smith has a 1 year low of $46.44 and a 1 year high of $63.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $749.90 million during the quarter, compared to the consensus estimate of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. Smith (A.O.)’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. sell-side analysts anticipate that Smith will post 2.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s dividend payout ratio is presently 27.45%.

A number of large investors have recently added to or reduced their stakes in AOS. Janus Henderson Group PLC lifted its holdings in Smith (A.O.) by 49,147.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock worth $429,879,000 after buying an additional 7,615,943 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Smith (A.O.) by 27.6% during the 3rd quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after buying an additional 438,063 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Smith (A.O.) by 289.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock worth $30,995,000 after buying an additional 409,093 shares during the last quarter. KBC Group NV lifted its holdings in Smith (A.O.) by 372.8% during the 3rd quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after buying an additional 396,752 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in Smith (A.O.) during the 2nd quarter worth approximately $383,000. 75.27% of the stock is currently owned by institutional investors.

AOS has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $61.00 target price on shares of Smith (A.O.) in a research report on Thursday, October 26th. Zacks Investment Research downgraded Smith (A.O.) from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of Smith (A.O.) in a report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) in a report on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.80.

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About Smith (A.O.)

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.) (NYSE:AOS)

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