Smith (A.O.) Corporation (AOS) Insider Kevin J. Wheeler Sells 13,293 Shares

Smith (A.O.) Corporation (NYSE:AOS) insider Kevin J. Wheeler sold 13,293 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total value of $817,386.57. Following the sale, the insider now owns 30,748 shares of the company’s stock, valued at approximately $1,890,694.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Smith (NYSE:AOS) traded down $0.18 on Wednesday, hitting $61.40. The company had a trading volume of 700,302 shares, compared to its average volume of 1,005,534. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. Smith has a fifty-two week low of $46.44 and a fifty-two week high of $63.70. The firm has a market capitalization of $10,693.92, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.34 and a beta of 1.55.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. research analysts forecast that Smith will post 2.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.56 annualized dividend and a dividend yield of 0.91%. Smith (A.O.)’s payout ratio is currently 27.45%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Smith (A.O.) by 1.7% during the 2nd quarter. BlackRock Inc. now owns 13,286,159 shares of the industrial products company’s stock worth $748,410,000 after purchasing an additional 220,954 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Smith (A.O.) by 49,147.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock worth $429,879,000 after purchasing an additional 7,615,943 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Smith (A.O.) by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company’s stock worth $124,508,000 after purchasing an additional 141,447 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Smith (A.O.) by 27.6% during the 3rd quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after purchasing an additional 438,063 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Smith (A.O.) by 9.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,641,917 shares of the industrial products company’s stock worth $97,579,000 after purchasing an additional 147,835 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.

Several research analysts have issued reports on AOS shares. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) in a research report on Friday, August 11th. Robert W. Baird set a $61.00 price objective on Smith (A.O.) and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) in a research report on Wednesday, September 6th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $62.80.

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

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