Snap-On Incorporated (NYSE:SNA – Get Free Report) SVP Timothy Chambers sold 389 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $419.43, for a total value of $163,158.27. Following the transaction, the senior vice president directly owned 21,223 shares in the company, valued at $8,901,562.89. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Snap-On Stock Down 1.0%
SNA opened at $415.18 on Thursday. The stock’s fifty day simple moving average is $392.69 and its 200 day simple moving average is $379.77. Snap-On Incorporated has a 1-year low of $312.78 and a 1-year high of $420.91. The stock has a market cap of $21.48 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73. The company has a current ratio of 3.43, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15.
Snap-On (NYSE:SNA – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.95 by $0.01. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $4.72 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Snap-On Incorporated will post 19.7 earnings per share for the current year.
Institutional Trading of Snap-On
Institutional investors have recently modified their holdings of the stock. Kennebec Savings Bank increased its position in shares of Snap-On by 3.6% in the fourth quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock worth $270,000 after purchasing an additional 27 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in 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 period. Verition Fund Management LLC lifted its position in 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. CWM LLC grew its stake in Snap-On by 0.6% during the fourth quarter. CWM LLC now owns 5,517 shares of the company’s stock worth $1,901,000 after buying an additional 31 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Snap-On by 2.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,401 shares of the company’s stock worth $483,000 after buying an additional 34 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SNA has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a report on Friday, July 17th. Barclays initiated coverage on Snap-On in a research note on Thursday, May 28th. They set an “overweight” rating and a $420.00 target price on the stock. Roth Capital restated a “buy” rating and issued a $461.00 price target (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Finally, Robert W. Baird set a $415.00 price objective on Snap-On in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $418.20.
Check Out Our Latest Research Report on Snap-On
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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