Key Points
- SVP Darrell Schuh sold 356 shares on Feb. 13 at an average price of $79.89, receiving $28,440.84 and reducing his direct ownership by 9.75% to 3,295 shares, according to an SEC filing.
- A. O. Smith beat EPS estimates with $0.90 (vs. $0.84) but revenue of $912.5M slightly missed expectations, and the company pays a $0.36 quarterly dividend (1.8% yield).
- Institutions own about 76.1% of the stock after large buys by Norges Bank, Madison and Vanguard, while analysts hold a consensus "Hold" rating with an average price target of $77.00.
A. O. Smith Corporation (NYSE:AOS - Get Free Report) SVP Darrell Schuh sold 356 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $79.89, for a total value of $28,440.84. Following the completion of the transaction, the senior vice president directly owned 3,295 shares in the company, valued at approximately $263,237.55. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A. O. Smith Stock Down 1.2%
AOS opened at $79.49 on Wednesday. The stock has a fifty day moving average of $71.82 and a 200-day moving average of $70.38. The company has a market capitalization of $11.07 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.66 and a beta of 1.36. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $81.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.50.
A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. A. O. Smith had a net margin of 14.26% and a return on equity of 29.51%. The business had revenue of $912.50 million for the quarter, compared to the consensus estimate of $928.97 million. During the same period in the prior year, the company posted $0.85 earnings per share. A. O. Smith's revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current year.
A. O. Smith Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. A. O. Smith's dividend payout ratio (DPR) is currently 37.31%.
Institutional Trading of A. O. Smith
Several institutional investors and hedge funds have recently modified their holdings of AOS. Norges Bank bought a new position in A. O. Smith in the fourth quarter valued at about $97,101,000. Madison Asset Management LLC acquired a new stake in shares of A. O. Smith in the 4th quarter valued at approximately $80,885,000. American Century Companies Inc. grew its holdings in shares of A. O. Smith by 54.2% during the 3rd quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company's stock valued at $235,560,000 after purchasing an additional 1,128,543 shares during the last quarter. Natixis Advisors LLC increased its position in A. O. Smith by 220.4% during the 4th quarter. Natixis Advisors LLC now owns 1,022,299 shares of the industrial products company's stock worth $68,371,000 after purchasing an additional 703,186 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in A. O. Smith by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company's stock valued at $1,009,622,000 after purchasing an additional 683,176 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $78.00 price target (up previously from $72.00) on shares of A. O. Smith in a research report on Friday, January 30th. Robert W. Baird set a $77.00 target price on A. O. Smith in a report on Friday, January 30th. Jefferies Financial Group set a $75.00 price target on A. O. Smith and gave the stock a "hold" rating in a research report on Friday, January 9th. Stifel Nicolaus set a $85.00 price objective on shares of A. O. Smith and gave the stock a "buy" rating in a research report on Friday, January 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.00.
Check Out Our Latest Stock Report on AOS
A. O. Smith Company Profile
(
Get Free Report)
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.
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