Traders purchased shares of Smith (A.O.) Corporation (NYSE:AOS) on weakness during trading hours on Monday following insider selling activity. $26.97 million flowed into the stock on the tick-up and $8.71 million flowed out of the stock on the tick-down, for a money net flow of $18.26 million into the stock. Of all companies tracked, Smith (A.O.) Corporation had the 31st highest net in-flow for the day. Smith (A.O.) Corporation traded down ($0.38) for the day and closed at $54.55Specifically, VP James F. Stern sold 25,200 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $54.45, for a total value of $1,372,140.00. Following the sale, the vice president now directly owns 176,583 shares in the company, valued at $9,614,944.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the sale, the director now owns 277,465 shares in the company, valued at $14,988,659.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,400 shares of company stock worth $5,734,444. 1.27% of the stock is owned by company insiders.

Several equities research analysts have commented on AOS shares. Zacks Investment Research upgraded shares of Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, April 13th. KeyCorp reiterated a “sector weight” rating on shares of Smith (A.O.) Corporation in a research report on Friday, April 28th. They noted that the move was a valuation call. Jefferies Group LLC set a $60.00 price target on shares of Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, June 1st. BidaskClub cut shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $66.80.

The stock has a 50 day moving average of $56.14 and a 200-day moving average of $52.78. The company has a market cap of $9.51 billion, a PE ratio of 27.61 and a beta of 1.51.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $738.20 million for the quarter, compared to analysts’ expectations of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. Analysts expect that Smith will post $2.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is 28.43%.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Smith (A.O.) Corporation by 4,592.7% in the first quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock valued at $668,415,000 after buying an additional 12,786,787 shares during the last quarter. Janus Capital Management LLC raised its position in Smith (A.O.) Corporation by 18.5% in the first quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock valued at $427,184,000 after buying an additional 1,306,490 shares during the last quarter. Alliancebernstein L.P. raised its position in Smith (A.O.) Corporation by 38.1% in the first quarter. Alliancebernstein L.P. now owns 3,679,499 shares of the industrial products company’s stock valued at $188,243,000 after buying an additional 1,014,464 shares during the last quarter. State Street Corp raised its position in Smith (A.O.) Corporation by 12.5% in the first quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock valued at $360,634,000 after buying an additional 781,403 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Smith (A.O.) Corporation by 97.7% in the first quarter. JPMorgan Chase & Co. now owns 1,005,561 shares of the industrial products company’s stock valued at $51,444,000 after buying an additional 496,832 shares during the last quarter. 74.64% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/investors-buy-smith-a-o-corporation-aos-on-weakness-following-insider-selling.html.

About Smith (A.O.) Corporation

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.

Receive News & Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related companies with MarketBeat.com's FREE daily email newsletter.