A number of other equities analysts also recently issued reports on SNA. Zacks Investment Research downgraded shares of Snap-on from a hold rating to a sell rating in a research note on Monday, July 2nd. Barrington Research reissued a buy rating on shares of Snap-on in a research note on Monday, July 16th. B. Riley set a $205.00 price target on shares of Snap-on and gave the stock a buy rating in a research note on Tuesday, July 17th. Finally, Northcoast Research downgraded shares of Snap-on from a buy rating to a neutral rating in a research note on Tuesday, July 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $192.00.
SNA stock traded down $0.96 during trading on Friday, reaching $150.51. The company had a trading volume of 1,545,110 shares, compared to its average volume of 748,024. Snap-on has a 52 week low of $141.63 and a 52 week high of $189.46. The company has a market cap of $8.54 billion, a P/E ratio of 14.87, a PEG ratio of 1.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.31 and a quick ratio of 1.60.
Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, October 18th. The company reported $2.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.86 by $0.02. Snap-on had a net margin of 16.86% and a return on equity of 21.35%. The company had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. During the same period in the prior year, the firm earned $2.45 earnings per share. Snap-on’s revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Snap-on will post 11.81 earnings per share for the current fiscal year.
In other news, Chairman Nicholas T. Pinchuk sold 21,624 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $169.79, for a total transaction of $3,671,538.96. Following the sale, the chairman now owns 443,955 shares in the company, valued at $75,379,119.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Aldo John Pagliari sold 6,480 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $177.89, for a total transaction of $1,152,727.20. The disclosure for this sale can be found here. Insiders have sold 32,395 shares of company stock valued at $5,553,865 in the last ninety days. Insiders own 4.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Snap-on by 1.4% during the second quarter. BlackRock Inc. now owns 3,855,275 shares of the company’s stock valued at $619,621,000 after buying an additional 53,689 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Snap-on by 3.4% in the first quarter. Principal Financial Group Inc. now owns 1,048,534 shares of the company’s stock worth $154,702,000 after purchasing an additional 34,012 shares during the last quarter. Earnest Partners LLC boosted its holdings in Snap-on by 3.8% in the second quarter. Earnest Partners LLC now owns 1,020,188 shares of the company’s stock worth $163,965,000 after purchasing an additional 37,244 shares during the last quarter. Northern Trust Corp boosted its holdings in Snap-on by 2.1% in the second quarter. Northern Trust Corp now owns 977,655 shares of the company’s stock worth $157,129,000 after purchasing an additional 20,179 shares during the last quarter. Finally, Ariel Investments LLC boosted its holdings in Snap-on by 10.0% in the second quarter. Ariel Investments LLC now owns 929,933 shares of the company’s stock worth $149,459,000 after purchasing an additional 84,287 shares during the last quarter.
Snap-on Company Profile
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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