Shares of Snap-on Incorporated (NYSE:SNA) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $192.00.
Several research firms have recently issued reports on SNA. B. Riley restated a “buy” rating on shares of Snap-on in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Wednesday, February 14th. Robert W. Baird cut their price objective on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Jefferies Group restated a “hold” rating and set a $175.00 price objective on shares of Snap-on in a report on Friday, November 3rd. Finally, Barrington Research upgraded shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a report on Monday, October 23rd.
In related news, Director William Dudley Lehman sold 387 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $160.60, for a total value of $62,152.20. Following the transaction, the director now owns 8,376 shares in the company, valued at approximately $1,345,185.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $174.55, for a total transaction of $3,609,694.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,355 shares of company stock worth $8,660,560. 3.70% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its position in Snap-on by 107.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 694,612 shares of the company’s stock worth $103,506,000 after purchasing an additional 359,772 shares in the last quarter. Findlay Park Partners LLP boosted its position in Snap-on by 64.4% in the 3rd quarter. Findlay Park Partners LLP now owns 715,000 shares of the company’s stock worth $106,542,000 after purchasing an additional 280,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Snap-on by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock worth $488,847,000 after purchasing an additional 270,905 shares in the last quarter. First Trust Advisors LP boosted its position in Snap-on by 147.6% in the 4th quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock worth $75,531,000 after purchasing an additional 258,310 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Snap-on by 30.7% in the 3rd quarter. Principal Financial Group Inc. now owns 849,256 shares of the company’s stock worth $126,547,000 after purchasing an additional 199,647 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.
Shares of Snap-on (NYSE:SNA) traded up $0.06 during trading on Thursday, reaching $160.94. 732,155 shares of the company’s stock were exchanged, compared to its average volume of 743,858. Snap-on has a fifty-two week low of $140.83 and a fifty-two week 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 company has a market capitalization of $9,170.00, a P/E ratio of 16.91, a PEG ratio of 1.36 and a beta of 1.09.
Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $940.50 million. During the same quarter in the prior year, the company posted $2.47 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts predict that Snap-on will post 11.48 EPS for the current year.
The firm also recently declared 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%.
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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