A. O. Smith Corp (AOS) VP Robert J. Heideman Sells 11,606 Shares

A. O. Smith Corp (NYSE:AOS) VP Robert J. Heideman sold 11,606 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total transaction of $716,554.44. Following the sale, the vice president now directly owns 34,099 shares in the company, valued at approximately $2,105,272.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of A. O. Smith Corp (NYSE AOS) traded up $1.33 on Wednesday, reaching $64.06. 934,461 shares of the company’s stock were exchanged, compared to its average volume of 1,130,620. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10,790.00, a PE ratio of 37.68, a P/E/G ratio of 1.81 and a beta of 1.55. A. O. Smith Corp has a one year low of $48.92 and a one year high of $68.39.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. research analysts predict that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14. A. O. Smith’s payout ratio is presently 42.35%.

A number of analysts recently commented on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 30th. Stifel Nicolaus restated a “hold” rating and set a $61.00 target price on shares of A. O. Smith in a research report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $70.00 target price on shares of A. O. Smith in a research report on Wednesday, January 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $78.00 target price on shares of A. O. Smith in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $67.83.

Large investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of A. O. Smith by 11.8% in the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after buying an additional 191 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of A. O. Smith by 70.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $210,000. Annex Advisory Services LLC acquired a new position in shares of A. O. Smith in the third quarter valued at approximately $214,000. Finally, Brookmont Capital Management acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $224,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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About A. O. Smith

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 A. O. Smith (NYSE:AOS)

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