Smith (A.O.) Corporation (AOS) CEO Sells $927,150.00 in Stock
Smith (A.O.) Corporation (NYSE:AOS) CEO Ajita G. Rajendra sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $61.81, for a total value of $927,150.00. Following the completion of the sale, the chief executive officer now owns 299,369 shares of the company’s stock, valued at $18,503,997.89. The transaction was disclosed in a filing with the SEC, which is available through this link.
Smith (AOS) traded up $0.24 during trading hours on Thursday, hitting $62.50. The stock had a trading volume of 914,600 shares, compared to its average volume of 1,009,513. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92. The stock has a market cap of $10,704.24, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.54. Smith has a 52-week low of $46.44 and a 52-week high of $62.70.
Smith (A.O.) (NYSE:AOS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $749.90 million during 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%. Smith (A.O.)’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. research analysts anticipate that Smith will post 2.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s dividend payout ratio is currently 27.45%.
Several research firms have recently commented on AOS. Zacks Investment Research lowered Smith (A.O.) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $68.00 price objective on shares of Smith (A.O.) in a research note on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $61.00 price objective on shares of Smith (A.O.) in a research note on Thursday, October 26th. Boenning Scattergood lowered Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $65.00 price objective on shares of Smith (A.O.) in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $62.80.
Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in Smith (A.O.) by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after buying an additional 191 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Smith (A.O.) by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,655 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Smith (A.O.) by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after buying an additional 119 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in Smith (A.O.) in the 2nd quarter worth $113,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Smith (A.O.) in the 2nd quarter worth $124,000. 75.27% of the stock is owned by institutional investors.
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About Smith (A.O.)
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.
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