Investors Purchase Large Volume of Snap-on Put Options (SNA)
Snap-on Incorporated (NYSE:SNA) was the recipient of some unusual options trading activity on Friday. Stock traders bought 3,097 put options on the stock. This represents an increase of approximately 1,185% compared to the average daily volume of 241 put options.
Snap-on (SNA) opened at $183.59 on Monday. The company has a market cap of $10,470.00, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. 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 has a 12-month low of $140.83 and a 12-month high of $185.47.
Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The company had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. Snap-on had a net margin of 15.95% and a return on equity of 20.82%. Snap-on’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. sell-side analysts expect that Snap-on will post 10.09 earnings per share for the current year.
In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction on Friday, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Strs Ohio grew its stake in shares of Snap-on by 5.4% during the 3rd quarter. Strs Ohio now owns 441,422 shares of the company’s stock worth $65,776,000 after purchasing an additional 22,690 shares during the period. Reinhart Partners Inc. acquired a new position in shares of Snap-on during the 3rd quarter worth $18,143,000. MML Investors Services LLC grew its stake in shares of Snap-on by 26.0% during the 2nd quarter. MML Investors Services LLC now owns 5,313 shares of the company’s stock worth $839,000 after purchasing an additional 1,096 shares during the period. Toronto Dominion Bank grew its stake in shares of Snap-on by 11.3% during the 3rd quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock worth $3,257,000 after purchasing an additional 2,227 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in shares of Snap-on during the 3rd quarter worth $9,707,000. Institutional investors own 99.40% of the company’s stock.
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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.
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