A. O. Smith Corporation (NYSE:AOS) Announces Quarterly Dividend of $0.36

Key Points

• A. O. Smith Corporation has announced a quarterly dividend of $0.36 per share, which reflects a 5.9% increase from the previous dividend of $0.34, to be paid on November 17th to shareholders of record on October 31st.
• The company's dividend payout ratio is 32.5%, indicating that its dividend is well-supported by earnings, with analysts predicting an earnings per share of $4.20 for the next year.
• A. O. Smith's stock recently experienced a slight decline of 0.1%, trading at $67.70, and has seen a 12-month range between $58.83 and $83.00.

A. O. Smith Corporation (NYSE:AOS - Get Free Report) announced a quarterly dividend on Monday, October 13th, RTT News reports. Shareholders of record on Friday, October 31st will be given a dividend of 0.36 per share by the industrial products company on Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 2.1%. This is a 5.9% increase from A. O. Smith's previous quarterly dividend of $0.34.

A. O. Smith has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect A. O. Smith to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 32.4%.

A. O. Smith Stock Down 0.1%

AOS traded down $0.05 on Monday, hitting $67.70. 1,028,313 shares of the company were exchanged, compared to its average volume of 1,440,241. A. O. Smith has a 12 month low of $58.83 and a 12 month high of $83.00. The company has a market cap of $9.49 billion, a PE ratio of 18.86, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. The stock's fifty day moving average is $72.09 and its 200-day moving average is $68.40.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. Equities research analysts predict that A. O. Smith will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the completion of the sale, the chairman owned 100,647 shares of the company's stock, valued at $7,172,105.22. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A. O. Smith

A number of institutional investors have recently made changes to their positions in the stock. CX Institutional acquired a new stake in shares of A. O. Smith in the first quarter worth approximately $113,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of A. O. Smith during the 1st quarter worth $1,934,000. Wealth Enhancement Advisory Services LLC raised its position in shares of A. O. Smith by 41.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company's stock worth $463,000 after buying an additional 2,084 shares during the period. Janney Montgomery Scott LLC increased its stake in A. O. Smith by 32.0% during the first quarter. Janney Montgomery Scott LLC now owns 205,846 shares of the industrial products company's stock worth $13,454,000 after acquiring an additional 49,862 shares during the last quarter. Finally, Cypress Advisory Group LLC lifted its stake in shares of A. O. Smith by 7.9% in the 1st quarter. Cypress Advisory Group LLC now owns 10,700 shares of the industrial products company's stock valued at $699,000 after purchasing an additional 780 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.

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