Snap-on Incorporated (SNA) Receives Consensus Recommendation of “Buy” from Analysts

Snap-on Incorporated (NYSE:SNA) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $195.00.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. B. Riley reissued a “buy” rating and issued a $205.00 price objective on shares of Snap-on in a research note on Thursday, January 4th. Barrington Research raised 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. Jefferies Group reissued a “hold” rating and issued a $175.00 price objective on shares of Snap-on in a research note on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $177.00 price objective on shares of Snap-on in a research note on Thursday, October 19th.

In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was 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 available at this link. Corporate insiders own 3.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA acquired a new position in Snap-on in the second quarter valued at about $126,000. Amica Retiree Medical Trust acquired a new position in Snap-on in the third quarter valued at about $165,000. Rowland & Co. Investment Counsel ADV grew its stake in Snap-on by 40.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock valued at $174,000 after acquiring an additional 315 shares during the period. Jacobi Capital Management LLC acquired a new position in Snap-on in the third quarter valued at about $215,000. Finally, Visionary Asset Management Inc. acquired a new position in Snap-on in the third quarter valued at about $215,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Snap-on (NYSE SNA) opened at $182.79 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. The company has a market capitalization of $10,420.00, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.37 and a beta of 1.14. Snap-on has a one year low of $140.83 and a one year high of $185.47.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The company 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 revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.22 earnings per share. equities analysts forecast that Snap-on will post 10.09 earnings per share for the current year.

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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.

Analyst Recommendations for Snap-on (NYSE:SNA)

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