Robert W. Baird Lowers Snap-on (NYSE:SNA) Price Target to $282.00

Snap-on (NYSE:SNA) had its target price cut by stock analysts at Robert W. Baird from $295.00 to $282.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 4.91% from the stock’s current price.

Several other research analysts have also recently issued reports on SNA. Barrington Research reiterated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a report on Monday, April 15th. Tigress Financial reiterated a “buy” rating and set a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. Finally, Roth Mkm reiterated a “buy” rating and set a $324.00 target price on shares of Snap-on in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Snap-on has an average rating of “Hold” and an average price target of $301.40.

Snap-on Trading Up 2.7 %

NYSE SNA opened at $268.80 on Friday. The company’s 50-day moving average price is $283.78 and its 200-day moving average price is $278.44. The company has a current ratio of 3.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23. The stock has a market cap of $14.20 billion, a PE ratio of 14.10, a PEG ratio of 1.87 and a beta of 0.99. Snap-on has a 12 month low of $245.73 and a 12 month high of $298.49.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $4.60 earnings per share. Equities research analysts forecast that Snap-on will post 19.22 earnings per share for the current year.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the sale, the vice president now directly owns 3,213 shares of the company’s stock, valued at $957,988.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,368 shares of company stock valued at $13,399,449. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Snap-on

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street Markets LLC raised its position in shares of Snap-on by 96.3% in the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after purchasing an additional 52 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Snap-on during the 4th quarter worth approximately $30,000. BKM Wealth Management LLC purchased a new position in Snap-on during the 4th quarter worth approximately $33,000. Finally, Peoples Bank KS purchased a new position in Snap-on during the 3rd quarter worth approximately $40,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.