A. O. Smith Corp (NYSE:AOS) declared a quarterly dividend on Monday, January 25th, AnalystRatings.NET reports. Stockholders of record on Friday, February 5th will be paid a dividend of 0.24 per share on Tuesday, February 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from A. O. Smith Corp’s previous quarterly dividend of $0.19.

AOS has been the topic of a number of research reports. SunTrust initiated coverage on shares of A. O. Smith Corp in a research report on Tuesday, November 3rd. They set a “buy” rating on the stock. Maxim Group lowered shares of A. O. Smith Corp from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. Goldman Sachs initiated coverage on shares of A. O. Smith Corp in a research report on Tuesday, October 6th. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of A. O. Smith Corp from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.00.

In related news, VP Patricia K. Ackerman sold 3,334 shares of A. O. Smith Corp stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $80.69, for a total transaction of $269,020.46. Following the sale, the vice president now directly owns 848 shares of the company’s stock, valued at approximately $68,425.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wilfridus M. Brouwer sold 15,933 shares of A. O. Smith Corp stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $73.38, for a total transaction of $1,169,163.54. Following the sale, the insider now directly owns 15,685 shares in the company, valued at $1,150,965.30. The disclosure for this sale can be found here.

A. O. Smith Corp (NYSE:AOS) traded down 2.20% during midday trading on Monday, reaching $64.16. 745,879 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $73.02 and its 200 day moving average price is $71.38. A. O. Smith Corp has a 1-year low of $50.09 and a 1-year high of $81.15. The firm has a market cap of $5.65 billion and a price-to-earnings ratio of 22.51.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

12 Month Chart for NYSE:AOS

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