Insider Selling: Snap-on Incorporated (NYSE:SNA) CFO Sells $1,814,942.52 in Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $326.84, for a total value of $1,814,942.52. Following the sale, the chief financial officer now owns 109,560 shares of the company’s stock, valued at approximately $35,808,590.40. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, February 20th, Aldo John Pagliari sold 6,860 shares of Snap-on stock. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00.

Snap-on Price Performance

Shares of NYSE SNA opened at $331.78 on Friday. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The firm’s 50-day simple moving average is $322.45 and its 200 day simple moving average is $338.77.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $4.91 EPS. As a group, research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a dividend of $2.14 per share. The ex-dividend date is Tuesday, May 20th. This represents a $8.56 annualized dividend and a dividend yield of 2.58%. Snap-on’s dividend payout ratio is currently 44.82%.

Hedge Funds Weigh In On Snap-on

Several hedge funds have recently modified their holdings of the company. Greenleaf Trust lifted its position in shares of Snap-on by 3.1% during the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock worth $344,000 after buying an additional 30 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after buying an additional 31 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Snap-on by 4.5% during the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock worth $247,000 after buying an additional 31 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Snap-on by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock worth $2,412,000 after buying an additional 31 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC lifted its position in shares of Snap-on by 0.7% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 4,607 shares of the company’s stock worth $1,553,000 after buying an additional 32 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research note on Thursday, April 17th. Tigress Financial raised their target price on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. StockNews.com upgraded Snap-on from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird reduced their target price on Snap-on from $349.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Finally, Longbow Research upgraded Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Snap-on has an average rating of “Moderate Buy” and a consensus target price of $350.83.

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.