A.O. Smith Corp. (AOS) VP James F. Stern Sells 20,000 Shares of Stock
A.O. Smith Corp. (NYSE:AOS) VP James F. Stern sold 20,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $47.69, for a total value of $953,800.00. Following the completion of the transaction, the vice president now directly owns 85,267 shares in the company, valued at approximately $4,066,383.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of A.O. Smith Corp. (NYSE:AOS) opened at 47.39 on Wednesday. The firm has a 50-day moving average of $47.95 and a 200 day moving average of $44.97. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 25.88 and a beta of 1.40. A.O. Smith Corp. has a one year low of $30.15 and a one year high of $51.49.
A.O. Smith Corp. (NYSE:AOS) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $577.20 million. A.O. Smith Corp. had a net margin of 12.32% and a return on equity of 21.84%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, equities research analysts predict that A.O. Smith Corp. will post $1.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, October 27th. A.O. Smith Corp.’s dividend payout ratio is 26.30%.
A number of research analysts have recently issued reports on the company. KeyCorp reaffirmed a “buy” rating and set a $107.00 price objective on shares of A.O. Smith Corp. in a research note on Thursday, October 6th. Zacks Investment Research cut A.O. Smith Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. BMO Capital Markets set a $53.00 price objective on A.O. Smith Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Jefferies Group reduced their price objective on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. A.O. Smith Corp. presently has an average rating of “Buy” and an average target price of $53.79.
Hedge funds have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of A.O. Smith Corp. during the second quarter valued at about $106,000. Nordea Investment Management AB acquired a new stake in shares of A.O. Smith Corp. during the second quarter valued at about $150,000. Daiwa Securities Group Inc. acquired a new stake in shares of A.O. Smith Corp. during the second quarter valued at about $150,000. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of A.O. Smith Corp. during the second quarter valued at about $150,000. Finally, Timber Hill LLC acquired a new stake in shares of A.O. Smith Corp. during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 38.11% of the company’s stock.
About A.O. Smith Corp.
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
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