Snap-On Incorporated (NYSE:SNA – Get Free Report) CFO Aldo John Pagliari sold 1,330 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $379.27, for a total value of $504,429.10. Following the completion of the sale, the chief financial officer owned 118,158 shares of the company’s stock, valued at approximately $44,813,784.66. The trade was a 1.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Aldo John Pagliari also recently made the following trade(s):
- On Thursday, May 14th, Aldo John Pagliari sold 5,713 shares of Snap-On stock. The stock was sold at an average price of $367.19, for a total value of $2,097,756.47.
Snap-On Stock Performance
Shares of SNA opened at $379.67 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $372.58 and a two-hundred day simple moving average of $365.28. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.67 and a beta of 0.73. Snap-On Incorporated has a 52 week low of $301.82 and a 52 week high of $400.88.
Snap-On Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $2.44 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $9.76 dividend on an annualized basis and a yield of 2.6%. Snap-On’s dividend payout ratio is presently 50.39%.
Snap-On announced that its Board of Directors has approved a share repurchase program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Hedge Funds Weigh In On Snap-On
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNA. Thurston Springer Miller Herd & Titak Inc. bought a new position in Snap-On during the fourth quarter valued at approximately $25,000. DV Equities LLC bought a new position in Snap-On during the fourth quarter valued at approximately $25,000. GoalVest Advisory LLC bought a new position in Snap-On during the fourth quarter valued at approximately $28,000. Western Wealth Management LLC bought a new position in Snap-On during the first quarter valued at approximately $29,000. Finally, Montag A & Associates Inc. boosted its stake in Snap-On by 331.8% during the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock valued at $33,000 after buying an additional 73 shares during the last quarter. 84.88% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on SNA shares. Wall Street Zen lowered Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Roth Mkm reaffirmed a “buy” rating and issued a $431.00 price objective on shares of Snap-On in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Barclays started coverage on Snap-On in a research note on Thursday, May 28th. They issued an “overweight” rating and a $420.00 price objective for the company. Finally, Tigress Financial upped their price objective on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.67.
Check Out Our Latest Stock Analysis on SNA
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.
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