Nicholas T. Pinchuk Sells 20,680 Shares of Snap-On Incorporated (SNA) Stock

Snap-On Incorporated (NYSE:SNA) Chairman Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nicholas T. Pinchuk also recently made the following trade(s):

  • On Friday, December 28th, Nicholas T. Pinchuk sold 20,680 shares of Snap-On stock. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00.

Shares of Snap-On Incorporated (SNA) opened at $175.19 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75. Snap-On Incorporated has a 12-month low of $140.83 and a 12-month high of $181.73. The firm has a market capitalization of $9,990.00, a PE ratio of 18.01, a PEG ratio of 1.33 and a beta of 1.14.

Snap-On (NYSE:SNA) last issued its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.02. The business had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.22 EPS. research analysts forecast that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, November 16th. This is an increase from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s dividend payout ratio (DPR) is currently 33.71%.

SNA has been the topic of several research analyst reports. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. FBR & Co reissued a “buy” rating and set a $205.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Oppenheimer reissued a “buy” rating and set a $177.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Barrington Research raised Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Monday, October 23rd. Finally, Jefferies Group reissued a “hold” rating and set a $175.00 target price on shares of Snap-On in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $192.13.

Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC grew its stake in Snap-On by 700.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after buying an additional 700 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Snap-On during the 2nd quarter worth approximately $126,000. Amica Retiree Medical Trust purchased a new position in Snap-On during the 3rd quarter worth approximately $165,000. Commonwealth Bank of Australia grew its stake in Snap-On by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock worth $171,000 after buying an additional 46 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV grew its stake in Snap-On by 40.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock worth $174,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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About Snap-On

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.

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

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