Snap-On Inc. (NYSE:SNA) VP Constance Johnsen sold 4,833 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $163.54, for a total transaction of $790,388.82. Following the sale, the vice president now directly owns 2,698 shares in the company, valued at $441,230.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Snap-On Inc. (NYSE:SNA) opened at 167.61 on Tuesday. The stock has a 50 day moving average of $153.23 and a 200 day moving average of $155.76. The company has a market cap of $9.73 billion, a PE ratio of 18.71 and a beta of 1.08. Snap-On Inc. has a 52 week low of $133.09 and a 52 week high of $174.52.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.07. The firm earned $834.10 million during the quarter, compared to the consensus estimate of $709.70 million. Snap-On had a return on equity of 20.73% and a net margin of 15.67%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. Equities research analysts predict that Snap-On Inc. will post $9.14 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Snap-On’s previous quarterly dividend of $0.61. Snap-On’s payout ratio is 27.23%.

A number of institutional investors have recently bought and sold shares of SNA. Jacobi Capital Management LLC raised its position in Snap-On by 16.7% in the third quarter. Jacobi Capital Management LLC now owns 700 shares of the company’s stock valued at $105,000 after buying an additional 100 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in Snap-On by 48.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 711 shares of the company’s stock valued at $112,000 after buying an additional 232 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Snap-On by 117.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 776 shares of the company’s stock valued at $122,000 after buying an additional 419 shares during the period. Penserra Capital Management LLC raised its position in Snap-On by 95.1% in the third quarter. Penserra Capital Management LLC now owns 989 shares of the company’s stock valued at $149,000 after buying an additional 482 shares during the period. Finally, Global X Management Co. LLC raised its position in Snap-On by 104.6% in the third quarter. Global X Management Co. LLC now owns 982 shares of the company’s stock valued at $149,000 after buying an additional 502 shares during the period. Institutional investors own 86.91% of the company’s stock.

Separately, Zacks Investment Research cut shares of Snap-On from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $176.47.

Snap-On Company Profile

Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. Its Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world.

5 Day Chart for NYSE:SNA

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