Snap-On Incorporated (NYSE:SNA) Chairman Nicholas T. Pinchuk sold 20,680 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total transaction of $3,609,694.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nicholas T. Pinchuk also recently made the following trade(s):
- On Friday, December 28th, Nicholas T. Pinchuk sold 20,680 shares of Snap-On stock. The shares were sold at an average price of $174.55, for a total transaction of $3,609,694.00.
Shares of Snap-On Incorporated (NYSE:SNA) opened at $180.39 on Thursday. The company has a market cap of $10,280.00, a PE ratio of 18.54, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75. Snap-On Incorporated has a twelve month low of $140.83 and a twelve month high of $181.99.
Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.43 by $0.02. The business had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. Snap-On’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.22 EPS. analysts forecast that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of SNA. Acrospire Investment Management LLC raised its stake in Snap-On by 700.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after purchasing an additional 700 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in Snap-On in the 2nd quarter worth about $126,000. Amica Retiree Medical Trust acquired a new stake in Snap-On in the 3rd quarter worth about $165,000. Commonwealth Bank of Australia raised its stake in Snap-On by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock worth $171,000 after purchasing an additional 46 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV raised its stake in Snap-On by 40.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock worth $174,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
A number of research analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Snap-On in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Snap-On from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Jefferies Group reissued a “hold” rating and issued a $175.00 price objective on shares of Snap-On in a research report on Friday, November 3rd. Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price objective for the company in a research report on Monday, October 23rd. Finally, Oppenheimer reissued a “buy” rating and issued a $177.00 price objective on shares of Snap-On in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $193.56.
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Snap-On Company Profile
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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