Snap-on Incorporated (NYSE:SNA) SVP Anup R. Banerjee sold 2,091 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $160.11, for a total transaction of $334,790.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Snap-on Incorporated (SNA) traded up $0.44 during trading hours on Monday, hitting $159.25. 761,465 shares of the company were exchanged, compared to its average volume of 710,701. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. Snap-on Incorporated has a 1 year low of $140.83 and a 1 year high of $185.47. The company has a market cap of $9,080.00, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.
Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. During the same quarter last year, the firm earned $2.47 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts predict that Snap-on Incorporated will post 10.93 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. B. Riley reissued a “buy” rating on shares of Snap-on in a report on Wednesday, November 1st. Barrington Research raised shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price objective for the company in a report on Monday, October 23rd. Oppenheimer reissued a “buy” rating and set a $177.00 price objective on shares of Snap-on in a report on Thursday, October 19th. Zacks Investment Research raised shares of Snap-on from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a report on Wednesday, December 20th. Finally, Jefferies Group reissued a “hold” rating and set a $175.00 price objective on shares of Snap-on in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Snap-on currently has a consensus rating of “Buy” and an average price target of $195.50.
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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