Snap-on (NYSE:SNA) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Snap-on Incorporated (NYSE:SNA - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $302.81 and traded as high as $341.66. Snap-on shares last traded at $339.96, with a volume of 166,320 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SNA shares. Tigress Financial raised their price target on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barrington Research raised their target price on Snap-on from $325.00 to $350.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Bank of America upped their price target on Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research report on Friday, October 18th. Robert W. Baird raised their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Finally, Roth Mkm upped their target price on shares of Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $345.40.

Snap-on Stock Down 0.1 %

The company has a fifty day moving average price of $350.62 and a 200 day moving average price of $303.86. The company has a market cap of $17.83 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The company reported $4.70 EPS for the quarter, topping analysts' consensus estimates of $4.58 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. As a group, analysts anticipate that Snap-on Incorporated will post 19.05 EPS for the current year.

Snap-on Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $2.14 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $8.56 annualized dividend and a yield of 2.52%. This is a positive change from Snap-on's previous quarterly dividend of $1.86. Snap-on's payout ratio is 44.06%.

Insider Transactions at Snap-on

In other news, VP Richard Thomas Miller sold 1,750 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $330.00, for a total value of $577,500.00. Following the completion of the sale, the vice president now owns 3,218 shares of the company's stock, valued at approximately $1,061,940. The trade was a 35.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas J. Ward sold 12,737 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $333.21, for a total value of $4,244,095.77. Following the transaction, the senior vice president now owns 55,401 shares in the company, valued at approximately $18,460,167.21. The trade was a 18.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,723 shares of company stock worth $18,029,670. 4.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SNA. Asset Management One Co. Ltd. raised its holdings in Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company's stock worth $5,764,000 after purchasing an additional 67 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company's stock valued at $13,264,000 after purchasing an additional 1,605 shares during the period. World Investment Advisors LLC purchased a new position in Snap-on during the third quarter valued at $19,291,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Snap-on by 220.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company's stock valued at $787,000 after buying an additional 1,869 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Snap-on in the 2nd quarter worth about $3,653,000. Hedge funds and other institutional investors own 84.88% of the company's stock.

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.