Snap-on Incorporated (NYSE:SNA) SVP Thomas L. Kassouf sold 96,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.40, for a total transaction of $15,398,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Snap-on Incorporated (NYSE:SNA) traded up $0.27 during trading on Wednesday, hitting $152.21. 676,508 shares of the company were exchanged, compared to its average volume of 737,374. Snap-on Incorporated has a 1-year low of $140.83 and a 1-year high of $185.47. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8,620.00, a PE ratio of 15.77, a P/E/G ratio of 1.28 and a beta of 1.12.
Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $940.50 million. During the same quarter in the prior year, the firm earned $2.47 EPS. The company’s revenue was up 9.5% on a year-over-year basis. equities analysts predict that Snap-on Incorporated will post 11.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 1st. Snap-on’s dividend payout ratio is currently 34.02%.
Several equities analysts recently commented on SNA shares. Zacks Investment Research cut shares of Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. B. Riley restated a “buy” rating and issued a $205.00 price objective on shares of Snap-on in a research note on Thursday, January 4th. Robert W. Baird restated a “buy” rating and issued a $220.00 price objective (up previously from $184.00) on shares of Snap-on in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Barrington Research restated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $192.00.
A number of large investors have recently modified their holdings of the business. Findlay Park Partners LLP boosted its stake in shares of Snap-on by 64.4% in the 3rd quarter. Findlay Park Partners LLP now owns 715,000 shares of the company’s stock valued at $106,542,000 after purchasing an additional 280,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Snap-on by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock valued at $488,847,000 after purchasing an additional 270,905 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Snap-on by 147.6% in the 4th quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock valued at $75,531,000 after purchasing an additional 258,310 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Snap-on in the 4th quarter valued at about $36,979,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Snap-on by 30.7% in the 3rd quarter. Principal Financial Group Inc. now owns 849,256 shares of the company’s stock valued at $126,547,000 after purchasing an additional 199,647 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.
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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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