A. O. Smith (NYSE:AOS) Hits New 52-Week High at $62.06

A. O. Smith Co. (NYSE:AOS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.06 and last traded at $61.72, with a volume of 35587 shares. The stock had previously closed at $61.85.

AOS has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating on shares of A. O. Smith in a research note on Tuesday, February 2nd. Rosenblatt Securities increased their target price on shares of A. O. Smith from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $52.00.

The business’s 50 day moving average is $57.75 and its two-hundred day moving average is $54.39. The firm has a market capitalization of $9.99 billion, a PE ratio of 31.72, a P/E/G ratio of 2.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.40.

A. O. Smith (NYSE:AOS) last announced its earnings results on Wednesday, January 27th. The industrial products company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.15. The business had revenue of $834.50 million for the quarter, compared to the consensus estimate of $769.10 million. A. O. Smith had a net margin of 11.25% and a return on equity of 19.29%. A. O. Smith’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Analysts expect that A. O. Smith Co. will post 2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Friday, January 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, January 28th. A. O. Smith’s dividend payout ratio (DPR) is presently 46.85%.

In related news, VP Robert J. Heideman sold 7,336 shares of A. O. Smith stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $61.02, for a total value of $447,642.72. Following the sale, the vice president now owns 16,059 shares in the company, valued at $979,920.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Heideman sold 1,000 shares of A. O. Smith stock in a transaction on Monday, November 30th. The shares were sold at an average price of $56.37, for a total transaction of $56,370.00. Following the completion of the sale, the vice president now owns 11,761 shares in the company, valued at approximately $662,967.57. The disclosure for this sale can be found here. Insiders have sold 10,306 shares of company stock worth $625,444 over the last three months. Insiders own 0.29% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in A. O. Smith in the fourth quarter valued at $214,000. IFM Investors Pty Ltd raised its position in A. O. Smith by 2.2% in the 4th quarter. IFM Investors Pty Ltd now owns 12,113 shares of the industrial products company’s stock worth $664,000 after buying an additional 259 shares during the last quarter. Brinker Capital Investments LLC purchased a new position in A. O. Smith in the 3rd quarter worth about $3,342,000. DNB Asset Management AS grew its stake in shares of A. O. Smith by 10.1% during the 4th quarter. DNB Asset Management AS now owns 27,595 shares of the industrial products company’s stock valued at $1,513,000 after purchasing an additional 2,522 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of A. O. Smith by 25.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 16,385 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 75.05% of the company’s stock.

About A. O. Smith (NYSE:AOS)

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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