Snap-on Incorporated (NYSE:SNA) SVP Thomas J. Ward sold 5,743 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $159.93, for a total transaction of $918,477.99. Following the sale, the senior vice president now owns 51,840 shares of the company’s stock, valued at approximately $8,290,771.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Snap-on Incorporated (SNA) opened at $160.94 on Wednesday. Snap-on Incorporated has a 1-year low of $140.83 and a 1-year high of $185.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24. The firm has a market cap of $9,170.00, a P/E ratio of 16.91, a P/E/G ratio of 1.36 and a beta of 1.09.
Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. During the same quarter last year, the firm earned $2.47 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. equities analysts expect that Snap-on Incorporated will post 11.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.28 annualized dividend and a yield of 2.04%. Snap-on’s dividend payout ratio (DPR) is presently 34.45%.
Institutional investors have recently bought and sold shares of the stock. Strs Ohio increased its holdings in Snap-on by 5.4% in the 3rd quarter. Strs Ohio now owns 441,422 shares of the company’s stock valued at $65,776,000 after purchasing an additional 22,690 shares during the last quarter. Reinhart Partners Inc. acquired a new stake in Snap-on in the 3rd quarter valued at approximately $18,143,000. Cohen & Steers Inc. acquired a new stake in Snap-on in the 3rd quarter valued at approximately $9,707,000. Toronto Dominion Bank increased its holdings in Snap-on by 11.3% in the 3rd quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock valued at $3,257,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. increased its holdings in Snap-on by 11.0% in the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 209,855 shares of the company’s stock valued at $31,270,000 after purchasing an additional 20,846 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.
SNA has been the subject of a number of recent analyst reports. Jefferies Group restated a “hold” rating and set a $175.00 price target on shares of Snap-on in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. B. Riley restated a “buy” rating and set a $205.00 price target on shares of Snap-on in a report on Thursday, January 4th. Finally, Robert W. Baird restated a “buy” rating and set a $220.00 price target (up previously from $184.00) on shares of Snap-on in a report on Monday, January 29th. They noted that the move was a valuation call. 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. The company currently has a consensus rating of “Buy” and an average price target of $192.00.
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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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