Snap-on (NYSE:SNA) Stock Price Expected to Rise, Tigress Financial Analyst Says

Snap-on (NYSE:SNA - Get Free Report) had its target price increased by analysts at Tigress Financial from $385.00 to $390.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Tigress Financial's target price would indicate a potential upside of 13.92% from the company's previous close.

Separately, Barrington Research reissued an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $346.40.

Snap-on Price Performance

Shares of NYSE SNA traded up $8.02 during trading on Tuesday, reaching $342.36. The company had a trading volume of 361,966 shares, compared to its average volume of 382,599. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on has a twelve month low of $252.98 and a twelve month high of $373.89. The stock has a 50-day moving average price of $342.23 and a two-hundred day moving average price of $327.17. The stock has a market capitalization of $17.94 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

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Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating 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 period in the prior year, the business posted $4.75 earnings per share. As a group, sell-side analysts predict that Snap-on will post 19.79 earnings per share for the current year.

Insider Activity

In other news, CFO Aldo John Pagliari sold 6,860 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares of the company's stock, valued at $36,310,898.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company's stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,003 shares of company stock valued at $14,636,064 in the last 90 days. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snap-on

A number of institutional investors have recently added to or reduced their stakes in SNA. Vanguard Group Inc. lifted its stake in shares of Snap-on by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock valued at $2,174,233,000 after purchasing an additional 19,328 shares in the last quarter. State Street Corp raised its holdings in Snap-on by 0.5% in the third quarter. State Street Corp now owns 2,115,973 shares of the company's stock valued at $613,019,000 after buying an additional 10,645 shares during the period. First Trust Advisors LP lifted its position in Snap-on by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company's stock valued at $617,651,000 after buying an additional 411,317 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Snap-on by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company's stock worth $613,195,000 after buying an additional 77,486 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Snap-on by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock worth $556,022,000 after acquiring an additional 27,700 shares in the last quarter. 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.