A. O. Smith Co. (NYSE:AOS) VP Sells $190,624.00 in Stock

A. O. Smith Co. (NYSE:AOS) VP Daniel L. Kempken sold 2,300 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $82.88, for a total value of $190,624.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of AOS stock opened at $82.39 on Thursday. The stock’s 50-day moving average is $70.38 and its 200 day moving average is $70.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.77 and a quick ratio of 1.40. A. O. Smith Co. has a 1-year low of $52.08 and a 1-year high of $83.60. The company has a market cap of $13.11 billion, a P/E ratio of 28.51, a PEG ratio of 3.14 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. A. O. Smith had a return on equity of 25.24% and a net margin of 13.84%. The company had revenue of $914.60 million during the quarter, compared to analysts’ expectations of $854.31 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue was up 20.3% compared to the same quarter last year. On average, analysts anticipate that A. O. Smith Co. will post 2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 29th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, October 28th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.36%. A. O. Smith’s dividend payout ratio (DPR) is 38.75%.

A number of institutional investors have recently added to or reduced their stakes in AOS. FMR LLC raised its stake in A. O. Smith by 51.9% in the first quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock valued at $43,364,000 after buying an additional 277,862 shares during the last quarter. Man Group plc raised its stake in shares of A. O. Smith by 2.8% in the first quarter. Man Group plc now owns 59,769 shares of the industrial products company’s stock worth $4,041,000 after purchasing an additional 1,607 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of A. O. Smith by 29.7% in the first quarter. State of Wisconsin Investment Board now owns 125,629 shares of the industrial products company’s stock worth $8,494,000 after purchasing an additional 28,731 shares during the last quarter. Amundi Asset Management US Inc. raised its stake in shares of A. O. Smith by 9.4% in the first quarter. Amundi Asset Management US Inc. now owns 235,998 shares of the industrial products company’s stock worth $15,955,000 after purchasing an additional 20,366 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of A. O. Smith in the first quarter worth about $722,000. Institutional investors own 74.90% of the company’s stock.

A number of research firms have recently issued reports on AOS. Zacks Investment Research raised A. O. Smith from a “hold” rating to a “strong-buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, November 2nd. Robert W. Baird raised A. O. Smith from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $82.00 to $85.00 in a research report on Tuesday, October 5th. Finally, Loop Capital began coverage on A. O. Smith in a research report on Monday. They set a “buy” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $77.67.

About A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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Insider Buying and Selling by Quarter for A. O. Smith (NYSE:AOS)

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