Snap-On (NYSE:SNA) SVP Sells $3,081,040.00 in Stock

Snap-On Incorporated (NYSE:SNAGet Free Report) SVP Timothy Chambers sold 8,000 shares of Snap-On stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total value of $3,081,040.00. Following the completion of the transaction, the senior vice president directly owned 19,480 shares in the company, valued at approximately $7,502,332.40. This represents a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Snap-On Trading Down 0.4%

NYSE:SNA traded down $1.54 on Friday, reaching $369.26. 463,808 shares of the stock traded hands, compared to its average volume of 330,591. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $388.96. The company’s 50 day moving average is $356.35 and its 200-day moving average is $341.37. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.81.

Snap-On (NYSE:SNAGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm posted $4.82 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SNA shares. Robert W. Baird set a $375.00 price objective on Snap-On in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $385.00 price objective on shares of Snap-On in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Tigress Financial increased their target price on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.67.

Check Out Our Latest Analysis on SNA

Key Snap-On News

Here are the key news stories impacting Snap-On this week:

Institutional Trading of Snap-On

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Snap-On in the 4th quarter valued at about $25,000. GoalVest Advisory LLC bought a new position in shares of Snap-On in the fourth quarter valued at approximately $28,000. Tobam purchased a new stake in shares of Snap-On during the second quarter valued at approximately $29,000. Ameritas Advisory Services LLC bought a new stake in Snap-On during the second quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Snap-On by 97.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Company Profile

(Get Free Report)

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

Further Reading

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

Receive News & Ratings for Snap-On Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-On and related companies with MarketBeat.com's FREE daily email newsletter.