Snap-on Incorporated (NYSE:SNA - Get Free Report) CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the sale, the chief executive officer now owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Snap-on Stock Up 2.4 %
Snap-on stock traded up $7.94 on Monday, hitting $337.25. 414,962 shares of the stock traded hands, compared to its average volume of 341,600. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The firm has a market cap of $17.68 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $339.90 and its 200 day simple moving average is $334.34.
Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the company posted $4.75 earnings per share. As a group, sell-side analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.
Snap-on Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.54%. Snap-on's payout ratio is currently 43.90%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNA. Pathstone Holdings LLC raised its position in shares of Snap-on by 5.5% in the 3rd quarter. Pathstone Holdings LLC now owns 5,606 shares of the company's stock worth $1,624,000 after purchasing an additional 291 shares during the last quarter. Cerity Partners LLC raised its holdings in Snap-on by 103.5% in the third quarter. Cerity Partners LLC now owns 8,156 shares of the company's stock worth $2,363,000 after buying an additional 4,149 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Snap-on by 8.7% in the third quarter. Penserra Capital Management LLC now owns 1,774 shares of the company's stock worth $513,000 after buying an additional 142 shares in the last quarter. Swedbank AB grew its holdings in shares of Snap-on by 2.7% during the third quarter. Swedbank AB now owns 51,143 shares of the company's stock valued at $14,817,000 after buying an additional 1,351 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Snap-on by 85.9% during the third quarter. Larson Financial Group LLC now owns 1,383 shares of the company's stock valued at $401,000 after acquiring an additional 639 shares in the last quarter. Institutional investors own 84.88% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a research note on Monday. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Finally, Tigress Financial boosted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $355.33.
Check Out Our Latest Report on Snap-on
Snap-on Company Profile
(
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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.
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