Snap-on Incorporated (NYSE:SNA) Receives Average Rating of "Moderate Buy" from Analysts

Snap-on Incorporated (NYSE:SNA - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $355.33.

A number of research analysts recently weighed in on SNA shares. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a report on Monday, February 10th. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research note on Monday. Finally, Tigress Financial increased their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th.

Insider Activity

In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now owns 793,932 shares of the company's stock, valued at $266,221,278.24. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,011 shares of company stock worth $12,116,859 over the last ninety days. 3.90% of the stock is currently owned by insiders.

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Institutional Trading of Snap-on

A number of hedge funds have recently bought and sold shares of SNA. Greenleaf Trust raised its holdings in Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company's stock valued at $344,000 after acquiring an additional 30 shares during the last quarter. UMB Bank n.a. lifted its position in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after buying an additional 31 shares during the period. WCM Investment Management LLC boosted its stake in Snap-on by 4.5% in 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 during the last quarter. New York Life Investment Management LLC boosted its stake in Snap-on by 0.4% in 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 during the last quarter. Finally, TrinityPoint Wealth LLC grew its holdings in Snap-on by 0.8% in the 4th quarter. TrinityPoint Wealth LLC now owns 4,164 shares of the company's stock valued at $1,414,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Snap-on Stock Performance

Shares of SNA stock traded up $2.68 during midday trading on Monday, hitting $342.26. The company had a trading volume of 302,372 shares, compared to its average volume of 342,055. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company's 50 day simple moving average is $339.41 and its 200 day simple moving average is $334.80. Snap-on has a 52-week low of $252.98 and a 52-week high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $4.75 earnings per share. Research analysts anticipate that Snap-on will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is presently 43.90%.

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.