A.O. Smith Corp. (NYSE:AOS)’s share price hit a new 52-week high on Thursday . The stock traded as high as $94.88 and last traded at $94.82, with a volume of 235,520 shares trading hands. The stock had previously closed at $94.34.

Several brokerages have recently weighed in on AOS. BMO Capital Markets set a $106.00 price objective on shares of A.O. Smith Corp. and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Thursday, July 28th. SunTrust Banks Inc. dropped their price objective on shares of A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Longbow Research began coverage on shares of A.O. Smith Corp. in a research report on Friday, June 17th. They issued a “neutral” rating on the stock. Finally, Sterne Agee CRT reissued a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. A.O. Smith Corp. has an average rating of “Buy” and an average target price of $88.71.

The stock has a market cap of $8.40 billion and a PE ratio of 26.86. The stock has a 50 day moving average price of $90.24 and a 200 day moving average price of $79.60.

A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.08. The firm had revenue of $667 million for the quarter, compared to analysts’ expectations of $696.69 million. During the same period in the prior year, the firm earned $0.79 earnings per share. A.O. Smith Corp.’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that A.O. Smith Corp. will post $3.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, July 27th.

In related news, Director Mark D. Smith sold 1,146 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the sale, the director now directly owns 54,850 shares in the company, valued at approximately $5,142,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $93.29, for a total value of $578,398.00. Following the completion of the sale, the insider now owns 19,449 shares in the company, valued at $1,814,397.21. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP purchased a new stake in shares of A.O. Smith Corp. during the fourth quarter worth about $15,086,000. State of Tennessee Treasury Department raised its position in shares of A.O. Smith Corp. by 83.1% in the fourth quarter. State of Tennessee Treasury Department now owns 140,531 shares of the company’s stock valued at $10,766,000 after buying an additional 63,800 shares during the last quarter. Redwood Investments LLC raised its position in shares of A.O. Smith Corp. by 37.3% in the fourth quarter. Redwood Investments LLC now owns 28,376 shares of the company’s stock valued at $2,174,000 after buying an additional 7,715 shares during the last quarter. WBI Investments Inc. raised its position in shares of A.O. Smith Corp. by 374.1% in the fourth quarter. WBI Investments Inc. now owns 61,888 shares of the company’s stock valued at $4,742,000 after buying an additional 48,833 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of A.O. Smith Corp. by 0.5% in the fourth quarter. US Bancorp DE now owns 62,773 shares of the company’s stock valued at $4,809,000 after buying an additional 292 shares during the last quarter.

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.

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