A. O. Smith Co. (NYSE:AOS – Get Rating) declared a quarterly dividend on Monday, April 11th, RTT News reports. Shareholders of record on Friday, April 29th will be given a dividend of 0.28 per share by the industrial products company on Monday, May 16th. This represents a $1.12 dividend on an annualized basis and a yield of 1.77%.
A. O. Smith has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A. O. Smith to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.2%.
NYSE AOS traded up $0.49 during trading hours on Monday, reaching $63.36. 1,171,384 shares of the company traded hands, compared to its average volume of 1,169,557. A. O. Smith has a 12 month low of $60.39 and a 12 month high of $86.74. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $9.97 billion, a PE ratio of 20.98, a PEG ratio of 1.97 and a beta of 1.18. The company has a 50 day moving average of $68.46 and a two-hundred day moving average of $73.80.
In related news, Director Michael M. Larsen bought 3,925 shares of the stock in a transaction on Tuesday, February 22nd. The shares were purchased at an average price of $69.87 per share, with a total value of $274,239.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of A. O. Smith by 53.3% in the 2nd quarter. Morgan Stanley now owns 1,047,672 shares of the industrial products company’s stock worth $75,495,000 after purchasing an additional 364,383 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $2,864,000. State of Tennessee Treasury Department grew its stake in shares of A. O. Smith by 26.5% in the 4th quarter. State of Tennessee Treasury Department now owns 101,852 shares of the industrial products company’s stock worth $8,744,000 after purchasing an additional 21,339 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $1,016,000. Finally, Toroso Investments LLC grew its stake in shares of A. O. Smith by 32.7% in the 4th quarter. Toroso Investments LLC now owns 9,652 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 2,378 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on AOS shares. Zacks Investment Research downgraded shares of A. O. Smith from a “strong-buy” rating to a “hold” rating and set a $89.00 price target on the stock. in a research report on Tuesday, December 28th. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a research report on Wednesday, December 15th. Finally, StockNews.com assumed coverage on shares of A. O. Smith in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.40.
A. O. Smith Company Profile (Get Rating)
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.
- Get a free copy of the StockNews.com research report on A. O. Smith (AOS)
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