A. O. Smith Corp (NYSE:AOS) announced a quarterly dividend on Friday, January 19th, RTT News reports. Stockholders of record on Wednesday, January 31st will be given a dividend of 0.18 per share by the industrial products company on Thursday, February 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, January 30th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14.
A. O. Smith has increased its dividend payment by an average of 23.1% annually over the last three years and has raised its dividend every year for the last 12 years. A. O. Smith has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect A. O. Smith to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.4%.
Shares of A. O. Smith (NYSE AOS) opened at $61.98 on Tuesday. The firm has a market cap of $10,660.00, a P/E ratio of 36.46, a PEG ratio of 1.78 and a beta of 1.55. A. O. Smith has a 12 month low of $48.92 and a 12 month high of $68.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.87 and a current ratio of 2.24.
A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $768.60 million during the quarter, compared to the consensus estimate of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. A. O. Smith’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. sell-side analysts expect that A. O. Smith will post 2.57 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a report on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $61.00 price target on shares of A. O. Smith in a report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a report on Wednesday, January 31st. Finally, BMO Capital Markets reissued a “buy” rating and set a $78.00 price objective on shares of A. O. Smith in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. A. O. Smith has a consensus rating of “Hold” and an average price target of $67.83.
In related news, Director William P. Greubel sold 17,856 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $66.50, for a total transaction of $1,187,424.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin J. Wheeler sold 13,293 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $61.49, for a total transaction of $817,386.57. Following the transaction, the insider now owns 30,748 shares of the company’s stock, valued at $1,890,694.52. The disclosure for this sale can be found here. Insiders have sold 86,151 shares of company stock valued at $5,384,359 over the last 90 days. 1.27% of the stock is currently owned by insiders.
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About A. O. Smith
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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