Smith (A.O.) Corporation (NYSE:AOS) CEO Ajita G. Rajendra sold 15,000 shares of Smith (A.O.) stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total transaction of $927,150.00. Following the completion of the transaction, the chief executive officer now owns 299,369 shares of the company’s stock, valued at $18,503,997.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Smith (AOS) traded down $0.61 on Friday, hitting $62.81. 823,040 shares of the stock were exchanged, compared to its average volume of 809,944. The stock has a market cap of $10,903.67, a price-to-earnings ratio of 31.09, a P/E/G ratio of 2.38 and a beta of 1.55. 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 has a 12-month low of $46.44 and a 12-month high of $63.70.

Smith (A.O.) (NYSE:AOS) last released 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 analyst estimates of $741.28 million. Smith (A.O.) had a net margin of 12.18% and a return on equity of 22.42%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. research analysts forecast that Smith will post 2.13 earnings per share for the current year.

The company also recently declared 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 of this dividend was Monday, October 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.89%. Smith (A.O.)’s dividend payout ratio (DPR) is currently 27.45%.

A number of large investors have recently made changes to their positions in AOS. Aperio Group LLC grew its position in Smith (A.O.) by 32.5% in the second quarter. Aperio Group LLC now owns 58,278 shares of the industrial products company’s stock worth $3,283,000 after acquiring an additional 14,297 shares in the last quarter. ING Groep NV purchased a new position in Smith (A.O.) in the second quarter worth $566,000. Benjamin F. Edwards & Company Inc. purchased a new position in Smith (A.O.) in the second quarter worth $113,000. NGAM Advisors L.P. grew its position in Smith (A.O.) by 1.2% in the second 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. Finally, Great West Life Assurance Co. Can grew its position in Smith (A.O.) by 2.8% in the second quarter. Great West Life Assurance Co. Can now owns 121,520 shares of the industrial products company’s stock worth $6,843,000 after acquiring an additional 3,263 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) in a research note on Friday, August 11th. Robert W. Baird reiterated a “buy” rating and issued a $64.00 price objective on shares of Smith (A.O.) in a research note on Wednesday, October 4th. Boenning Scattergood lowered shares of Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. Finally, Zacks Investment Research lowered shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $62.80.

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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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