Snap-on Incorporated (NYSE:SNA) announced a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 1.08 per share on Tuesday, December 10th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from Snap-on’s previous quarterly dividend of $0.95.
Shares of Snap-on stock traded down $0.34 during trading on Friday, reaching $166.63. The company’s stock had a trading volume of 1,575 shares, compared to its average volume of 418,479. The business’s 50-day moving average price is $159.21 and its 200-day moving average price is $158.52. The firm has a market cap of $9.22 billion, a PE ratio of 14.07, a P/E/G ratio of 1.61 and a beta of 1.24. Snap-on has a 52 week low of $135.29 and a 52 week high of $174.00. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.30.
Snap-on (NYSE:SNA) last announced its earnings results on Thursday, October 17th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.02. The company had revenue of $901.80 million during the quarter, compared to analysts’ expectations of $909.23 million. Snap-on had a net margin of 18.72% and a return on equity of 21.16%. Snap-on’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 earnings per share. Equities analysts predict that Snap-on will post 12.26 earnings per share for the current year.
In related news, VP Iain Boyd sold 777 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $165.00, for a total value of $128,205.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 19,675 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $155.46, for a total value of $3,058,675.50. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
A number of research analysts recently commented on the company. ValuEngine downgraded Snap-on from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Oppenheimer set a $180.00 price target on Snap-on and gave the company a “buy” rating in a research note on Friday, July 19th. Tigress Financial reaffirmed a “buy” rating on shares of Snap-on in a research note on Friday, October 25th. Zacks Investment Research downgraded Snap-on from a “hold” rating to a “sell” rating and set a $166.00 price target for the company. in a research note on Tuesday, July 16th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $169.00 price target on shares of Snap-on in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $173.60.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.
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