Snap-on (NYSE:SNA) had its price objective lowered by stock analysts at Robert W. Baird from $220.00 to $211.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 32.86% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Snap-on from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. B. Riley restated a “buy” rating and set a $205.00 price target on shares of Snap-on in a research note on Thursday, January 4th. FBR & Co reiterated a “buy” rating and issued a $205.00 target price on shares of Snap-on in a research report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and issued a $177.00 target price on shares of Snap-on in a research report on Thursday, October 19th. Finally, Barrington Research upgraded Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $195.50.

Shares of Snap-on (SNA) opened at $158.81 on Friday. Snap-on has a 52 week low of $140.83 and a 52 week high of $185.47. The firm has a market capitalization of $8,934.17, a PE ratio of 16.68, a PEG ratio of 1.19 and a beta of 1.09. The company has a current ratio of 1.78, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.03. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The business had revenue of $974.60 million for the quarter, compared to analyst estimates of $940.50 million. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. research analysts forecast that Snap-on will post 10.93 EPS for the current fiscal year.

In related news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SNA. Strs Ohio boosted its position in Snap-on by 5.4% in the 3rd quarter. Strs Ohio now owns 441,422 shares of the company’s stock worth $65,776,000 after purchasing an additional 22,690 shares in the last quarter. Reinhart Partners Inc. purchased a new stake in Snap-on in the 3rd quarter worth approximately $18,143,000. Cohen & Steers Inc. purchased a new stake in Snap-on in the 3rd quarter worth approximately $9,707,000. Toronto Dominion Bank boosted its position in Snap-on by 11.3% in the 3rd quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock worth $3,257,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Bristol Gate Capital Partners Inc. boosted its position in Snap-on by 11.0% in the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 209,855 shares of the company’s stock worth $31,270,000 after purchasing an additional 20,846 shares in the last quarter. Hedge funds and other institutional investors own 99.98% of the company’s stock.

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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.

Analyst Recommendations for Snap-on (NYSE:SNA)

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