Smith (A.O.) Corporation (NYSE:AOS) insider Mark A. Petrarca sold 5,288 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $63.14, for a total value of $333,884.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Smith (NYSE AOS) traded down $0.61 during mid-day trading 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 company has a market capitalization of $10,800.00, a PE ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 1.56. Smith has a 52-week low of $46.44 and a 52-week high of $63.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32.

Smith (A.O.) (NYSE:AOS) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $749.90 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. research analysts anticipate that Smith will post 2.13 EPS for the current fiscal year.

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

Several equities research analysts have recently weighed in on the company. Boenning Scattergood cut Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price objective on shares of Smith (A.O.) in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective on shares of Smith (A.O.) in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and issued a $64.00 price objective on shares of Smith (A.O.) in a research report on Wednesday, October 4th. Finally, Zacks Investment Research cut Smith (A.O.) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Smith (A.O.) currently has a consensus rating of “Hold” and a consensus price target of $62.80.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in shares of Smith (A.O.) by 17.0% during the third quarter. Sterling Capital Management LLC now owns 31,912 shares of the industrial products company’s stock valued at $1,897,000 after acquiring an additional 4,646 shares during the period. Bamco Inc. NY lifted its holdings in shares of Smith (A.O.) by 35.5% during the third quarter. Bamco Inc. NY now owns 528,694 shares of the industrial products company’s stock valued at $31,420,000 after acquiring an additional 138,580 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Smith (A.O.) during the third quarter valued at $17,483,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Smith (A.O.) during the third quarter valued at $1,500,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of Smith (A.O.) during the third quarter valued at $7,653,000. 75.27% of the stock is owned by institutional investors.

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Smith (A.O.) 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.) (NYSE:AOS)

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