Snap-on Incorporated (SNA) SVP Anup R. Banerjee Sells 2,091 Shares

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.

Large investors have recently made changes to their positions in the stock. Strs Ohio lifted its holdings in shares of Snap-on by 5.4% in the 3rd quarter. Strs Ohio now owns 441,422 shares of the company’s stock valued at $65,776,000 after acquiring an additional 22,690 shares during the last quarter. Reinhart Partners Inc. bought a new position in shares of Snap-on in the 3rd quarter valued at about $18,143,000. Cohen & Steers Inc. bought a new position in shares of Snap-on in the 3rd quarter valued at about $9,707,000. Toronto Dominion Bank raised its position in Snap-on by 11.3% in 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, Bristol Gate Capital Partners Inc. raised its position in Snap-on by 11.0% in the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 209,855 shares of the company’s stock worth $31,270,000 after purchasing an additional 20,846 shares during the period. 99.00% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

Insider Buying and Selling by Quarter for Snap-on (NYSE:SNA)

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