Snap-On (NYSE:SNA) SVP Timothy Chambers Sells 8,000 Shares

Snap-On Incorporated (NYSE:SNAGet Free Report) SVP Timothy Chambers sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total value of $3,081,040.00. Following the completion of the transaction, the senior vice president owned 19,480 shares in the company, valued at $7,502,332.40. This represents a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Snap-On Trading Down 0.4%

NYSE SNA opened at $369.26 on Friday. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $388.96. The stock has a 50-day simple moving average of $356.93 and a 200 day simple moving average of $341.66. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $19.21 billion, a PE ratio of 19.24, a P/E/G ratio of 2.60 and a beta of 0.81.

Snap-On (NYSE:SNAGet Free Report) last posted its earnings results on Thursday, February 5th. The company reported $4.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.86 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.82 EPS. Research analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current year.

Wall Street Analysts Forecast Growth

SNA has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $385.00 target price on shares of Snap-On in a research note on Friday, October 17th. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research report on Wednesday, October 15th. Finally, Wall Street Zen cut Snap-On from a “buy” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Snap-On has a consensus rating of “Moderate Buy” and a consensus price target of $366.67.

Read Our Latest Stock Report on SNA

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kennebec Savings Bank boosted its stake in shares of Snap-On by 3.6% during the 4th quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock worth $270,000 after buying an additional 27 shares during the last quarter. BankPlus Trust Department increased its position in shares of Snap-On by 5.9% in the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock valued at $187,000 after acquiring an additional 30 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Snap-On by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock worth $2,546,000 after acquiring an additional 31 shares in the last quarter. CWM LLC boosted its position in Snap-On by 0.6% during the fourth quarter. CWM LLC now owns 5,517 shares of the company’s stock valued at $1,901,000 after purchasing an additional 31 shares during the last quarter. Finally, Cardinal Capital Management grew its stake in Snap-On by 0.3% in the third quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock valued at $3,880,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Key Snap-On News

Here are the key news stories impacting Snap-On this week:

Snap-On Company Profile

(Get Free Report)

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

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

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