Snap-On (NYSE:SNA) CFO Sells 7,043 Shares

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the completion of the transaction, the chief financial officer directly owned 117,183 shares of the company’s stock, valued at approximately $44,769,765.15. The trade was a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, December 11th, Aldo John Pagliari sold 6,779 shares of Snap-On stock. The stock was sold at an average price of $352.20, for a total transaction of $2,387,563.80.
• On Thursday, December 4th, Aldo John Pagliari sold 3,091 shares of Snap-On stock. The shares were sold at an average price of $346.80, for a total transaction of $1,071,958.80.

Snap-On Stock Down 0.2%

Shares of Snap-On stock traded down $0.87 during trading hours on Thursday, reaching $383.49. 237,914 shares of the company were exchanged, compared to its average volume of 350,296. The firm has a market cap of $19.91 billion, a PE ratio of 19.98, a PEG ratio of 2.63 and a beta of 0.81. The stock’s fifty day moving average is $362.63 and its 200 day moving average is $344.78. Snap-On Incorporated has a 1 year low of $289.81 and a 1 year high of $390.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79.

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

Snap-On Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be given a dividend of $2.44 per share. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 24th. Snap-On’s dividend payout ratio is currently 50.86%.

Analyst Ratings Changes

SNA has been the subject of a number of research analyst reports. Wall Street Zen downgraded Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Robert W. Baird set a $375.00 target price on shares of Snap-On in a research report on Friday, February 6th. Roth Mkm reissued a “buy” rating and issued a $409.00 price target (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Snap-On presently has an average rating of “Moderate Buy” and an average price target of $370.67.

Hedge Funds Weigh In On Snap-On

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennebec Savings Bank lifted its position in 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 acquiring an additional 27 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock worth $36,000 after purchasing an additional 28 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of Snap-On by 1.5% during the fourth quarter. Verition Fund Management LLC now owns 1,844 shares of the company’s stock worth $635,000 after purchasing an additional 28 shares during the period. BankPlus Trust Department lifted its holdings in shares of Snap-On by 5.9% during the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after purchasing an additional 30 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Snap-On by 0.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $2,546,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

About Snap-On

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.