Snap-On Incorporated (NYSE:SNA) VP Iain Boyd sold 18,418 shares of Snap-On stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $147.54, for a total value of $2,717,391.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Snap-On Incorporated (NYSE SNA) traded down 1.66% during midday trading on Monday, hitting $147.51. The company had a trading volume of 1,285,904 shares. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 15.27 and a beta of 1.06. Snap-On Incorporated has a 12 month low of $145.17 and a 12 month high of $181.73. The firm has a 50-day moving average price of $156.90 and a 200-day moving average price of $166.66.

Snap-On (NYSE:SNA) last released its quarterly earnings results on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.05. The firm had revenue of $921.40 million for the quarter, compared to the consensus estimate of $920.87 million. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.36 EPS. Equities analysts anticipate that Snap-On Incorporated will post $10.09 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNA. GSA Capital Partners LLP purchased a new position in Snap-On during the fourth quarter worth about $370,000. Thrivent Financial for Lutherans boosted its stake in Snap-On by 4.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,000 shares of the company’s stock worth $343,000 after buying an additional 90 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Snap-On during the fourth quarter worth $580,000. Whalerock Point Partners LLC boosted its stake in Snap-On by 15.5% in the fourth quarter. Whalerock Point Partners LLC now owns 4,100 shares of the company’s stock worth $702,000 after buying an additional 550 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Snap-On by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 140,795 shares of the company’s stock worth $24,114,000 after buying an additional 5,735 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

A number of equities research analysts recently commented on SNA shares. FBR & Co set a $205.00 target price on Snap-On and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised Snap-On from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 target price on shares of Snap-On in a report on Thursday, July 6th. CIBC reaffirmed an “outperform” rating and set a $200.00 target price on shares of Snap-On in a report on Wednesday, April 12th. Finally, Oppenheimer Holdings, Inc. started coverage on Snap-On in a report on Tuesday, April 11th. They set an “outperform” rating and a $200.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $198.00.

Snap-On Company Profile

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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