Snap-On (NYSE:SNA) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Snap-On (NYSE:SNAFree Report) from a buy rating to a hold rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird set a $375.00 price target on Snap-On in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a report on Wednesday, October 15th. Roth Mkm reissued a “buy” rating and set a $385.00 price target on shares of Snap-On in a report on Friday, October 17th. Finally, Tigress Financial raised their price objective on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $366.67.

Read Our Latest Research Report on SNA

Snap-On Price Performance

Shares of SNA opened at $369.26 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.37 and a current ratio of 4.79. Snap-On has a fifty-two week low of $289.81 and a fifty-two week high of $388.96. The firm has a 50-day simple moving average of $356.93 and a 200-day simple moving average of $341.72. The company has a market capitalization of $19.20 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.59 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 the consensus estimate of $4.86 by $0.08. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $4.82 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Snap-On will post 19.79 earnings per share for the current year.

Insider Activity at Snap-On

In other Snap-On news, SVP Jesus Arregui sold 3,831 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $337.28, for a total value of $1,292,119.68. Following the completion of the transaction, the senior vice president directly owned 2,642 shares of the company’s stock, valued at approximately $891,093.76. This trade represents a 59.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Richard Thomas Miller sold 2,000 shares of Snap-On stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $348.27, for a total transaction of $696,540.00. Following the sale, the vice president owned 4,158 shares of the company’s stock, valued at approximately $1,448,106.66. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,036 shares of company stock valued at $16,792,028 in the last ninety days. Company insiders own 3.90% of the company’s stock.

Institutional Trading of Snap-On

Several large investors have recently bought and sold shares of SNA. Kennebec Savings Bank grew its stake in Snap-On by 3.6% during the fourth quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock worth $270,000 after buying an additional 27 shares during the last quarter. BankPlus Trust Department grew its position in Snap-On by 5.9% during the 3rd quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after acquiring an additional 30 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Snap-On by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $2,546,000 after purchasing an additional 31 shares in the last quarter. CWM LLC raised its position in Snap-On by 0.6% in the 4th quarter. CWM LLC now owns 5,517 shares of the company’s stock valued at $1,901,000 after purchasing an additional 31 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in Snap-On by 0.3% in the third quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock worth $3,880,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Key Snap-On News

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

About Snap-On

(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.

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Analyst Recommendations for Snap-On (NYSE:SNA)

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