Snap-On (NYSE:SNA) CFO Aldo John Pagliari Sells 1,330 Shares

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 1,330 shares of Snap-On stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $379.27, for a total value of $504,429.10. Following the transaction, the chief financial officer directly owned 118,158 shares in the company, valued at approximately $44,813,784.66. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, May 14th, Aldo John Pagliari sold 5,713 shares of Snap-On stock. The shares were sold at an average price of $367.19, for a total value of $2,097,756.47.

Snap-On Stock Up 0.4%

NYSE:SNA traded up $1.56 on Thursday, hitting $378.95. 247,220 shares of the company’s stock traded hands, compared to its average volume of 372,355. The company has a current ratio of 3.53, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. Snap-On Incorporated has a 1 year low of $301.82 and a 1 year high of $400.88. The firm has a 50-day moving average price of $372.03 and a 200-day moving average price of $364.83. The company has a market cap of $19.63 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.62 and a beta of 0.73.

Snap-On (NYSE:SNA) last released its earnings results on Thursday, April 23rd. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $4.51 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Snap-On Incorporated will post 19.7 EPS for the current fiscal year.

Snap-On declared that its board has authorized a stock buyback plan on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Snap-On Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $2.44 per share. This represents a $9.76 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Snap-On’s payout ratio is 50.39%.

Institutional Investors Weigh In On Snap-On

Large investors have recently made changes to their positions in the company. Kennebec Savings Bank lifted its holdings in shares of Snap-On by 3.6% during the 4th quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock valued at $270,000 after purchasing an additional 27 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Snap-On by 36.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock valued at $36,000 after purchasing an additional 28 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Snap-On by 1.5% during the 4th quarter. Verition Fund Management LLC now owns 1,844 shares of the company’s stock valued at $635,000 after purchasing an additional 28 shares in the last quarter. CWM LLC lifted its holdings in shares of Snap-On by 0.6% during 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 in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Snap-On by 2.5% during the 4th quarter. Ritholtz Wealth Management now owns 1,401 shares of the company’s stock valued at $483,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the topic of several research analyst reports. Tigress Financial lifted their target price on Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen cut Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Robert W. Baird boosted their price target on Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Finally, Roth Mkm reissued a “buy” rating and issued a $431.00 price target on shares of Snap-On in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.67.

About Snap-On

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.