A. O. Smith Corp (AOS) Director Ronald D. Brown Sells 8,000 Shares

A. O. Smith Corp (NYSE:AOS) Director Ronald D. Brown sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $52.45, for a total value of $419,600.00. Following the sale, the director now owns 35,896 shares in the company, valued at approximately $1,882,745.20. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of NYSE:AOS opened at $53.64 on Friday. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.25. A. O. Smith Corp has a 52-week low of $40.34 and a 52-week high of $65.57.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $748.20 million during the quarter, compared to the consensus estimate of $764.16 million. A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities research analysts anticipate that A. O. Smith Corp will post 2.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.88 annualized dividend and a yield of 1.64%. A. O. Smith’s payout ratio is currently 33.72%.

Several equities research analysts recently commented on the company. Zacks Investment Research lowered A. O. Smith from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Boenning Scattergood lowered A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 target price on the stock. in a research report on Wednesday. ValuEngine upgraded A. O. Smith from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. KeyCorp upped their target price on A. O. Smith from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, March 12th. Finally, BMO Capital Markets lowered A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $58.12.

Large investors have recently made changes to their positions in the business. Bremer Trust National Association bought a new position in A. O. Smith in the fourth quarter worth approximately $26,000. Huntington National Bank boosted its holdings in A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 231 shares in the last quarter. Quantamental Technologies LLC bought a new position in A. O. Smith in the fourth quarter worth approximately $33,000. Oregon Public Employees Retirement Fund boosted its holdings in A. O. Smith by 3,884.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,414,865 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,379,356 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in A. O. Smith by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 589 shares in the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

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A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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

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