Media stories about Snap-On (NYSE:SNA) have trended somewhat positive on Friday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Snap-On earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.8476963843118 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several analysts recently issued reports on SNA shares. BidaskClub lowered shares of Snap-On from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Longbow Research lowered shares of Snap-On from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. Robert W. Baird restated an “outperform” rating and issued a $197.00 target price on shares of Snap-On in a research report on Wednesday, August 2nd. FBR & Co restated a “buy” rating and issued a $205.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $175.00 target price on shares of Snap-On in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $192.00.

Shares of Snap-On (NYSE:SNA) traded up $1.20 during midday trading on Friday, reaching $157.07. 281,900 shares of the company were exchanged, compared to its average volume of 619,147. Snap-On has a fifty-two week low of $140.83 and a fifty-two week high of $181.73. The company has a market capitalization of $8,932.46, a P/E ratio of 15.81, a PEG ratio of 1.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The business had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. During the same quarter last year, the firm earned $2.22 earnings per share. Snap-On’s quarterly revenue was up 8.4% on a year-over-year basis. analysts anticipate that Snap-On will post 10.09 earnings per share for the current year.

Snap-On announced that its board has authorized a stock repurchase plan on Monday, August 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.82 dividend. This is an increase from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 16th. Snap-On’s payout ratio is 29.13%.

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Snap-On Company Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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