Snap-On Incorporated (SNA) – What Are Researchers Thinking About This Stock?

Shares of Snap-On Incorporated (NYSE:SNA) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $434.00.

A number of equities research analysts have commented on the stock. Tigress Financial raised their price target on shares of Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Roth Capital restated a “buy” rating and issued a $461.00 target price (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Weiss Ratings lowered Snap-On from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Robert W. Baird set a $385.00 target price on Snap-On in a research report on Friday, October 23rd. Finally, Barclays dropped their price target on Snap-On from $435.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th.

Insider Transactions at Snap-On

In other news, CFO Aldo Pagliari sold 5,531 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $404.25, for a total transaction of $2,235,906.75. Following the transaction, the chief financial officer directly owned 120,644 shares of the company’s stock, valued at $48,770,337. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas Pinchuk sold 22,889 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $399.69, for a total value of $9,148,504.41. Following the completion of the transaction, the chief executive officer owned 867,779 shares in the company, valued at approximately $346,842,588.51. This represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,220 shares of company stock valued at $11,704,411 over the last ninety days. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. North Dakota State Investment Board increased its holdings in Snap-On by 1.8% in the 3rd quarter. North Dakota State Investment Board now owns 1,552 shares of the company’s stock worth $564,000 after acquiring an additional 28 shares during the last quarter. TFB Advisors LLC raised its stake in Snap-On by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 886 shares of the company’s stock valued at $322,000 after acquiring an additional 33 shares during the period. Ritholtz Wealth Management lifted its holdings in Snap-On by 2.4% during the first quarter. Ritholtz Wealth Management now owns 1,435 shares of the company’s stock valued at $521,000 after purchasing an additional 34 shares during the last quarter. Childress Capital Advisors LLC boosted its position in Snap-On by 3.1% during the third quarter. Childress Capital Advisors LLC now owns 1,217 shares of the company’s stock worth $442,000 after purchasing an additional 37 shares during the period. Finally, CX Institutional increased its stake in shares of Snap-On by 10.6% in the second quarter. CX Institutional now owns 447 shares of the company’s stock worth $180,000 after purchasing an additional 43 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-On Stock Performance

Shares of SNA stock opened at $365.32 on Tuesday. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.71. Snap-On has a 52 week low of $320.80 and a 52 week high of $423.02. The company has a quick ratio of 2.71, a current ratio of 3.55 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $371.11 and a 200-day moving average of $380.18.

Snap-On (NYSE:SNA) last released its earnings results on Thursday, October 22nd. The company reported $4.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.29). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. Snap-On had a net margin of 20.82% and a return on equity of 16.77%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.71 EPS. On average, equities analysts forecast that Snap-On will post 19.24 earnings per share for the current year.

Snap-On Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $2.44 per share. The ex-dividend date was Wednesday, August 19th. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. Snap-On’s payout ratio is currently 50.75%.

About Snap-On

Snap-on Incorporated is a manufacturer and distributor of professional tools, equipment, diagnostics, and related services. Its offerings include hand and power tools, tool storage, vehicle repair equipment, diagnostic systems, and repair information and management software. The company serves professional users who work in automotive repair, heavy-duty transportation, aviation, agriculture, construction, industrial production, government, and other technical fields.

Snap-on markets products under the Snap-on brand and other brands, including Blue-Point, Bahco, and Williams.