Snap-On Incorporated (NYSE:SNA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Snap-On Incorporated (NYSE:SNA) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $370.6667.

SNA has been the subject of several analyst reports. Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Robert W. Baird set a $375.00 target price on Snap-On in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $409.00 price target (up previously from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th.

Snap-On Stock Performance

NYSE:SNA opened at $384.05 on Thursday. The firm has a market capitalization of $19.94 billion, a PE ratio of 20.01, a PEG ratio of 2.63 and a beta of 0.81. The stock’s fifty day moving average is $362.63 and its 200 day moving average is $344.78. Snap-On has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $4.82 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Snap-On will post 19.79 earnings per share for the current year.

Snap-On Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be given a dividend of $2.44 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. Snap-On’s dividend payout ratio (DPR) is 50.86%.

Insider Transactions at Snap-On

In related news, CFO Aldo John Pagliari sold 6,779 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $352.20, for a total value of $2,387,563.80. Following the completion of the sale, the chief financial officer directly owned 111,888 shares of the company’s stock, valued at $39,406,953.60. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $339.15, for a total transaction of $7,667,164.05. Following the transaction, the chief executive officer owned 826,364 shares in the company, valued at approximately $280,261,350.60. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,036 shares of company stock valued at $16,792,028 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Snap-On

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Snap-On by 15.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,850 shares of the company’s stock worth $2,983,000 after purchasing an additional 1,185 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Snap-On by 40.4% in the 1st quarter. Woodline Partners LP now owns 4,426 shares of the company’s stock valued at $1,492,000 after buying an additional 1,273 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Snap-On by 146.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $78,000 after acquiring an additional 148 shares in the last quarter. Brookstone Capital Management lifted its position in Snap-On by 5.5% during the second quarter. Brookstone Capital Management now owns 1,831 shares of the company’s stock valued at $570,000 after acquiring an additional 96 shares during the last quarter. Finally, TFB Advisors LLC grew its holdings in Snap-On by 10.8% in the second quarter. TFB Advisors LLC now owns 1,338 shares of the company’s stock worth $416,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.