Smith (A.O.) Corporation (AOS) Insider Peter R. Martineau Sells 22,267 Shares

Smith (A.O.) Corporation (NYSE:AOS) insider Peter R. Martineau sold 22,267 shares of Smith (A.O.) Corporation stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total value of $1,321,101.11. Following the sale, the insider now directly owns 17,528 shares of the company’s stock, valued at approximately $1,039,936.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $749.90 million during the quarter, compared to the consensus estimate of $741.28 million. Smith (A.O.) Corporation had a net margin of 12.18% and a return on equity of 22.42%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.56 dividend on an annualized basis and a yield of 0.95%. Smith (A.O.) Corporation’s payout ratio is currently 27.45%.

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Several equities analysts have recently issued reports on the company. BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reissued a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Boenning Scattergood cut Smith (A.O.) Corporation from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. Robert W. Baird set a $61.00 price objective on Smith (A.O.) Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective on shares of Smith (A.O.) Corporation in a report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Smith (A.O.) Corporation currently has a consensus rating of “Hold” and an average price target of $62.80.

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in Smith (A.O.) Corporation by 11.8% in the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares during the period. Tower Research Capital LLC TRC lifted its position in Smith (A.O.) Corporation by 973.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 1,655 shares during the period. CENTRAL TRUST Co lifted its position in Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Smith (A.O.) Corporation by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 119 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Smith (A.O.) Corporation in the second quarter valued at about $113,000. Hedge funds and other institutional investors own 74.04% of the company’s stock.

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

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