Snap-on Incorporated (NYSE:SNA) SVP Sells $690,074.70 in Stock

Snap-on Incorporated (NYSE:SNA) SVP Jesus Arregui sold 2,562 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $269.35, for a total transaction of $690,074.70. Following the sale, the senior vice president now directly owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Snap-on Stock Performance

Shares of SNA stock opened at $270.70 on Friday. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. Snap-on Incorporated has a 52 week low of $247.68 and a 52 week high of $298.49. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $284.21 and a 200-day moving average of $278.66.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $4.60 EPS. On average, equities analysts forecast that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.75%. Snap-on’s payout ratio is currently 39.03%.

Institutional Trading of Snap-on

Hedge funds have recently bought and sold shares of the business. Royal London Asset Management Ltd. grew its position in Snap-on by 12.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock valued at $5,751,000 after purchasing an additional 2,542 shares during the period. Caprock Group LLC acquired a new stake in Snap-on in the 4th quarter valued at $1,203,000. Cerity Partners LLC grew its position in Snap-on by 275.7% in the 4th quarter. Cerity Partners LLC now owns 7,938 shares of the company’s stock valued at $2,292,000 after purchasing an additional 5,825 shares during the period. Vision Capital Management Inc. bought a new position in Snap-on during the 4th quarter valued at $2,377,000. Finally, Raymond James & Associates lifted its stake in Snap-on by 3.9% during the 4th quarter. Raymond James & Associates now owns 355,160 shares of the company’s stock valued at $102,584,000 after acquiring an additional 13,225 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SNA. Robert W. Baird decreased their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barrington Research reissued an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research report on Monday, April 15th. Roth Mkm reissued a “buy” rating and set a $324.00 target price on shares of Snap-on in a research report on Thursday, April 18th. Finally, Tigress Financial reissued a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

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.