Snap-on Incorporated (NYSE:SNA) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $193.00.
Several brokerages recently weighed in on SNA. B. Riley set a $205.00 price target on Snap-on and gave the company a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a research report on Wednesday, December 20th. Robert W. Baird reduced their price target on Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Barrington Research reiterated a “buy” rating on shares of Snap-on in a research report on Thursday, March 8th.
Shares of Snap-on (NYSE:SNA) traded up $0.85 during trading hours on Monday, hitting $153.06. The stock had a trading volume of 93,030 shares, compared to its average volume of 723,613. Snap-on has a 1 year low of $140.83 and a 1 year high of $185.47. The stock has a market capitalization of $8,618.20, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78.
Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.03. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. During the same period last year, the business posted $2.47 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that Snap-on will post 11.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, March 1st. Snap-on’s dividend payout ratio is currently 34.45%.
In other news, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction that occurred 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 directly owns 8,376 shares in the company, valued at $1,345,185.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,355 shares of company stock valued at $24,058,960. 3.70% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of SNA. Captrust Financial Advisors purchased a new stake in shares of Snap-on in the fourth quarter valued at approximately $146,000. Amica Retiree Medical Trust purchased a new stake in shares of Snap-on in the third quarter valued at approximately $165,000. Glenview State Bank Trust DEPT. purchased a new stake in shares of Snap-on in the fourth quarter valued at approximately $206,000. Visionary Asset Management Inc. purchased a new stake in shares of Snap-on in the third quarter valued at approximately $215,000. Finally, Wasatch Advisors Inc. purchased a new stake in shares of Snap-on in the third quarter valued at approximately $224,000. Institutional investors and hedge funds own 99.40% of the company’s stock.
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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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