Aldo John Pagliari Sells 3,091 Shares of Snap-On (NYSE:SNA) Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 3,091 shares of Snap-On stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $346.80, for a total transaction of $1,071,958.80. Following the completion of the sale, the chief financial officer owned 108,648 shares of the company’s stock, valued at $37,679,126.40. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Snap-On Stock Performance

Snap-On stock traded up $1.77 during midday trading on Thursday, reaching $346.11. 347,871 shares of the company traded hands, compared to its average volume of 358,446. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $365.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. The business has a 50 day moving average of $339.36 and a two-hundred day moving average of $328.73. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 16th. The company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.12. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.70 EPS. As a group, research analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be issued a $2.44 dividend. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. Snap-On’s dividend payout ratio is currently 51.18%.

Institutional Trading of Snap-On

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Capital Management LLC grew its holdings in Snap-On by 5.3% during the 1st quarter. Advisors Capital Management LLC now owns 1,241 shares of the company’s stock valued at $418,000 after buying an additional 63 shares in the last quarter. Jump Financial LLC boosted its position in shares of Snap-On by 367.7% during the first quarter. Jump Financial LLC now owns 5,523 shares of the company’s stock worth $1,861,000 after acquiring an additional 4,342 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Snap-On during the first quarter valued at $1,986,000. Ascent Group LLC purchased a new stake in Snap-On in the 1st quarter worth $421,000. Finally, Caxton Associates LLP bought a new position in shares of Snap-On during the 1st quarter valued at about $946,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNA has been the subject of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, October 8th. Tigress Financial increased their price target on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Robert W. Baird upped their price objective on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.00.

Snap-On Company Profile

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.