News stories about Snap-On (NYSE:SNA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Snap-On earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7265190479546 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Second opinion: Ars readers’ picks for the Deathwatch errata (arstechnica.com)
- MEMA Names 4 Well-Known Execs To Its Board Of Directors (aftermarketnews.com)
- Snap-On (SNA) Given Buy Rating at B. Riley (americanbankingnews.com)
- Nicholas T. Pinchuk Sells 20,680 Shares of Snap-On Incorporated (SNA) Stock (americanbankingnews.com)
- Snap-On Incorporated (SNA) CEO Sells $3,609,694.00 in Stock (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Snap-On in a research note 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 target price on the stock in a research note on Monday, October 23rd. Oppenheimer reissued a “buy” rating and set a $177.00 target price on shares of Snap-On in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Snap-On from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Jefferies Group reissued a “hold” rating and set a $175.00 target price on shares of Snap-On in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $193.56.
Shares of Snap-On (NYSE:SNA) traded up $2.28 during midday trading on Friday, reaching $178.45. 407,802 shares of the company traded hands, compared to its average volume of 503,314. The company has a market capitalization of $10,170.00, a price-to-earnings ratio of 18.34, a PEG ratio of 1.34 and a beta of 1.14. Snap-On has a fifty-two week low of $140.83 and a fifty-two week high of $181.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75.
Snap-On (NYSE:SNA) last issued its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The business had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. Snap-On’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. equities analysts anticipate that Snap-On will post 10.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, November 16th. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a yield of 1.84%. Snap-On’s dividend payout ratio is currently 33.71%.
In other Snap-On news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.
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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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