Snap-on Incorporated (NYSE:SNA) – Analysts at Barrington Research issued their Q4 2019 earnings per share (EPS) estimates for Snap-on in a note issued to investors on Monday. Barrington Research analyst G. Prestopino expects that the company will post earnings per share of $2.94 for the quarter. Barrington Research currently has a “Outperform” rating and a $185.00 target price on the stock.
Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.03. The business had revenue of $974.60 million for the quarter, compared to the consensus estimate of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 earnings per share.
Shares of Snap-on (NYSE:SNA) traded up $1.48 during mid-day trading on Wednesday, hitting $159.12. The stock had a trading volume of 309,884 shares, compared to its average volume of 726,401. The firm has a market capitalization of $9,078.40, a P/E ratio of 16.57, a PEG ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78. Snap-on has a 1-year low of $140.83 and a 1-year high of $185.47.
In other news, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.60, for a total transaction of $62,152.20. Following the sale, the director now directly owns 8,376 shares of the company’s stock, valued at $1,345,185.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total transaction of $3,609,694.00. The disclosure for this sale can be found here. Insiders have sold 43,838 shares of company stock worth $7,616,330 over the last three months. Corporate insiders own 3.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in shares of Snap-on by 0.9% during the fourth quarter. Guggenheim Capital LLC now owns 254,590 shares of the company’s stock valued at $44,374,000 after buying an additional 2,178 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Snap-on in the fourth quarter valued at $11,980,000. Brandywine Global Investment Management LLC boosted its holdings in Snap-on by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 52,130 shares of the company’s stock valued at $9,087,000 after purchasing an additional 1,440 shares during the last quarter. Advisor Group Inc. boosted its holdings in Snap-on by 27.4% in the fourth quarter. Advisor Group Inc. now owns 8,488 shares of the company’s stock valued at $1,481,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Ariel Investments LLC boosted its holdings in Snap-on by 1.7% in the fourth quarter. Ariel Investments LLC now owns 776,792 shares of the company’s stock valued at $135,395,000 after purchasing an additional 12,758 shares during the last quarter. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
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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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