Smith (A.O.) Corporation (NYSE:AOS) VP James F. Stern sold 12,423 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $62.28, for a total value of $773,704.44. Following the sale, the vice president now owns 146,257 shares in the company, valued at approximately $9,108,885.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Smith (NYSE AOS) opened at $62.81 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. Smith has a 1-year low of $46.44 and a 1-year high of $63.70. The firm has a market capitalization of $10,903.67, a PE ratio of 31.09, a price-to-earnings-growth ratio of 2.38 and a beta of 1.55.

Smith (A.O.) (NYSE:AOS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business 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%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. equities analysts expect that Smith will post 2.13 earnings per share for the current year.

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

Several equities research analysts have weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $56.00 price target on shares of Smith (A.O.) in a report on Friday, August 11th. Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of Smith (A.O.) in a report on Wednesday, October 4th. Boenning Scattergood downgraded Smith (A.O.) from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Finally, Zacks Investment Research downgraded Smith (A.O.) from a “buy” rating to a “hold” rating in a 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. Smith (A.O.) has a consensus rating of “Hold” and a consensus price target of $62.80.

Several large investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Smith (A.O.) by 3.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,362 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 116 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Smith (A.O.) by 6.4% during the 2nd 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 in the last quarter. Toronto Dominion Bank boosted its position in shares of Smith (A.O.) by 11.8% during the 2nd 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 in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Smith (A.O.) by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 74,681 shares of the industrial products company’s stock worth $4,219,000 after acquiring an additional 220 shares in the last quarter. Finally, NGAM Advisors L.P. boosted its position in shares of Smith (A.O.) by 1.2% during the 2nd quarter. NGAM Advisors L.P. now owns 18,926 shares of the industrial products company’s stock worth $1,066,000 after acquiring an additional 227 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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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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