Smith (NYSE:AOS) opened at 49.83 on Monday. Smith has a 52 week low of $33.33 and a 52 week high of $51.49. The stock’s 50 day moving average is $48.31 and its 200 day moving average is $47.97. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 26.99 and a beta of 1.42.
Smith (A.O.) Corporation (NYSE:AOS) Director William P. Greubel sold 17,621 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $49.00, for a total transaction of $863,429.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The firm earned $698.10 million during the quarter, compared to analysts’ expectations of $709.33 million. Smith (A.O.) Corporation had a net margin of 12.16% and a return on equity of 21.77%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. Equities research analysts expect that Smith will post $2.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, January 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.12%. This is a boost from Smith (A.O.) Corporation’s previous quarterly dividend of $0.12. Smith (A.O.) Corporation’s payout ratio is currently 30.35%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB bought a new position in shares of Smith (A.O.) Corporation during the second quarter worth $150,000. Bessemer Group Inc. raised its position in shares of Smith (A.O.) Corporation by 11.0% in the fourth quarter. Bessemer Group Inc. now owns 4,101 shares of the company’s stock worth $194,000 after buying an additional 405 shares during the last quarter. Advisor Partners LLC bought a new position in shares of Smith (A.O.) Corporation during the third quarter worth $205,000. Cetera Investment Advisers bought a new position in shares of Smith (A.O.) Corporation during the third quarter worth $215,000. Finally, Marshall Wace LLP bought a new position in shares of Smith (A.O.) Corporation during the fourth quarter worth $219,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.
A number of equities research analysts have issued reports on AOS shares. Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Stifel Nicolaus increased their target price on shares of Smith (A.O.) Corporation from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $58.50.
About Smith (A.O.) Corporation
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.