Snap-on Incorporated (NYSE:SNA) Director Nathan J. Jones sold 774 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $162.47, for a total transaction of $125,751.78. Following the completion of the transaction, the director now owns 2,984 shares of the company’s stock, valued at approximately $484,810.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Snap-on Incorporated (SNA) opened at $160.88 on Monday. The company has a market cap of $9,170.00, a PE ratio of 16.90, a P/E/G ratio of 1.36 and a beta of 1.09. Snap-on Incorporated has a 12 month low of $140.83 and a 12 month 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.
Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.03. The firm had revenue of $974.60 million for the quarter, compared to analysts’ expectations of $940.50 million. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. equities analysts anticipate that Snap-on Incorporated will post 11.48 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new stake in shares of Snap-on during the 4th quarter worth about $146,000. Amica Retiree Medical Trust acquired a new stake in shares of Snap-on during the 3rd quarter worth about $165,000. Glenview State Bank Trust DEPT. acquired a new stake in shares of Snap-on during the 4th quarter worth about $206,000. Jacobi Capital Management LLC acquired a new stake in shares of Snap-on during the 3rd quarter worth about $215,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of Snap-on during the 3rd quarter worth about $215,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
SNA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. B. Riley reiterated a “buy” rating and issued a $205.00 price target on shares of Snap-on in a report on Thursday, January 4th. Robert W. Baird reiterated a “buy” rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a report on Monday, January 29th. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating and issued a $175.00 price target on shares of Snap-on in a report on Friday, November 3rd. Finally, Barrington Research raised shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Snap-on has a consensus rating of “Buy” and an average target price of $192.00.
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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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