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

Shares of A. O. Smith Corp (AOS) traded up $1.33 during mid-day trading on Wednesday, reaching $64.06. 934,461 shares of the company traded hands, compared to its average volume of 1,130,620. A. O. Smith Corp has a 1 year low of $48.92 and a 1 year high of $68.39. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10,790.00, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The company had revenue of $768.60 million during the quarter, compared to the consensus estimate of $767.45 million. During the same period in the previous year, the firm earned $0.47 earnings per share. A. O. Smith’s revenue for the quarter was up 10.1% on a year-over-year basis. sell-side analysts anticipate that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.

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

A number of equities analysts have recently weighed in on AOS shares. Stifel Nicolaus reissued a “hold” rating and issued a $61.00 price objective on shares of A. O. Smith in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of A. O. Smith in a research report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $67.83.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of A. O. Smith by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 692,161 shares of the industrial products company’s stock worth $38,989,000 after purchasing an additional 4,008 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of A. O. Smith by 17.6% during the second quarter. Cubist Systematic Strategies LLC now owns 14,535 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 2,171 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of A. O. Smith during the second quarter worth $1,036,000. The Manufacturers Life Insurance Company raised its holdings in shares of A. O. Smith by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 218,459 shares of the industrial products company’s stock worth $12,306,000 after purchasing an additional 3,690 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of A. O. Smith by 22.0% during the second quarter. Sterling Capital Management LLC now owns 27,266 shares of the industrial products company’s stock worth $1,536,000 after purchasing an additional 4,909 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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

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