A.O. Smith Corp. (AOS) Reaches New 12-Month High at $96.16
A.O. Smith Corp. (NYSE:AOS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $96.16 and last traded at $95.93, with a volume of 239,749 shares changing hands. The stock had previously closed at $94.65.
A number of equities research analysts have issued reports on the company. BMO Capital Markets set a $106.00 price target on A.O. Smith Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research raised A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Thursday, July 28th. SunTrust Banks Inc. decreased their target price on A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Longbow Research assumed coverage on A.O. Smith Corp. in a research report on Friday, June 17th. They issued a “neutral” rating for the company. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. A.O. Smith Corp. presently has a consensus rating of “Buy” and a consensus price target of $88.71.
The stock has a market cap of $8.37 billion and a PE ratio of 27.1772. The stock’s 50 day moving average is $92.01 and its 200 day moving average is $81.10.
A.O. Smith Corp. (NYSE:AOS) last posted its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.08. The company had revenue of $667 million for the quarter, compared to the consensus estimate of $696.69 million. During the same quarter last year, the business earned $0.79 earnings per share. A.O. Smith Corp.’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that A.O. Smith Corp. will post $3.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.96 annualized dividend and a yield of 1.01%.
In other A.O. Smith Corp. news, Director Mark D. Smith sold 1,146 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $93.76, for a total transaction of $107,448.96. Following the transaction, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ajita G. Rajendra sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $83.70, for a total value of $418,500.00. Following the completion of the sale, the chief executive officer now directly owns 145,185 shares in the company, valued at $12,151,984.50. The disclosure for this sale can be found here.
Other large investors have modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of A.O. Smith Corp. by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 250,719 shares of the company’s stock valued at $19,207,000 after buying an additional 5,317 shares in the last quarter. Redwood Investments LLC increased its stake 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 in the last quarter. Finally, State of Tennessee Treasury Department increased its stake 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 in 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.