Snap-on Incorporated (NYSE:SNA) has earned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $172.60.

Several equities analysts have weighed in on SNA shares. Robert W. Baird set a $164.00 price target on Snap-on and gave the stock a “hold” rating in a research report on Friday, July 19th. Barrington Research reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Snap-on in a research report on Wednesday, May 29th. ValuEngine raised Snap-on from a “sell” rating to a “hold” rating in a research report on Tuesday. Longbow Research reaffirmed a “hold” rating on shares of Snap-on in a research report on Monday, July 1st. Finally, Zacks Investment Research downgraded Snap-on from a “hold” rating to a “sell” rating and set a $166.00 price objective for the company. in a research report on Tuesday, July 16th.

NYSE SNA traded down $0.21 during mid-day trading on Friday, hitting $162.65. The stock had a trading volume of 19,457 shares, compared to its average volume of 289,465. The company has a quick ratio of 1.70, a current ratio of 2.48 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $150.46 and a 200 day simple moving average of $158.12. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 1.48 and a beta of 1.25. Snap-on has a 52-week low of $135.29 and a 52-week high of $189.46.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, July 18th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.01. The company had revenue of $951.30 million during the quarter, compared to the consensus estimate of $959.33 million. Snap-on had a return on equity of 21.40% and a net margin of 18.70%. Snap-on’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $3.11 earnings per share. As a group, equities analysts anticipate that Snap-on will post 12.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Monday, August 19th. Snap-on’s payout ratio is currently 32.18%.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 19,403 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $164.60, for a total transaction of $3,193,733.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anup R. Banerjee sold 2,800 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $150.40, for a total value of $421,120.00. Following the transaction, the senior vice president now owns 128 shares in the company, valued at approximately $19,251.20. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SNA. Cardinal Capital Management increased its holdings in Snap-on by 0.9% in the second quarter. Cardinal Capital Management now owns 7,286 shares of the company’s stock valued at $1,207,000 after buying an additional 63 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Snap-on by 2.7% during the first quarter. Alps Advisors Inc. now owns 2,514 shares of the company’s stock worth $393,000 after buying an additional 65 shares during the period. Connable Office Inc. boosted its position in shares of Snap-on by 3.0% during the first quarter. Connable Office Inc. now owns 2,318 shares of the company’s stock worth $363,000 after buying an additional 68 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of Snap-on by 34.0% during the second quarter. CSat Investment Advisory L.P. now owns 280 shares of the company’s stock worth $47,000 after buying an additional 71 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Snap-on by 1.1% during the first quarter. Mason Street Advisors LLC now owns 7,934 shares of the company’s stock worth $1,242,000 after buying an additional 84 shares during the period.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Analyst Recommendations for Snap-on (NYSE:SNA)

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