Snap-on Incorporated (NYSE:SNA) Director William Dudley Lehman sold 387 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.60, for a total value of $62,152.20. Following the completion of the sale, the director now owns 8,376 shares of the company’s stock, valued at approximately $1,345,185.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Snap-on Incorporated (NYSE:SNA) traded up $0.44 on Monday, hitting $159.25. 761,465 shares of the company’s stock traded hands, compared to its average volume of 710,701. Snap-on Incorporated has a twelve month low of $140.83 and a twelve month high of $185.47. The company has a market cap of $9,080.00, a P/E ratio of 16.75, a PEG ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24.
Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The business had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. During the same quarter in the prior year, the firm earned $2.47 EPS. The business’s revenue was up 9.5% on a year-over-year basis. analysts forecast that Snap-on Incorporated will post 10.93 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SNA. Amica Retiree Medical Trust bought a new position in shares of Snap-on during the 3rd quarter valued at about $165,000. Glenview State Bank Trust DEPT. bought a new position in shares of Snap-on during the 4th quarter valued at about $206,000. Jacobi Capital Management LLC bought a new position in shares of Snap-on during the 3rd quarter valued at about $215,000. Visionary Asset Management Inc. bought a new position in shares of Snap-on during the 3rd quarter valued at about $215,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Snap-on by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock valued at $222,000 after purchasing an additional 23 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on SNA. B. Riley reiterated a “buy” rating on shares of Snap-on in a research note on Wednesday, November 1st. Robert W. Baird cut their price target on Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $206.00 price target for the company in a research note on Wednesday, January 17th. Jefferies Group reiterated a “hold” rating and issued a $175.00 price target on shares of Snap-on in a research note on Friday, November 3rd. Finally, Barrington Research upgraded Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Snap-on has an average rating of “Buy” and a consensus price target of $195.50.
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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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