Snap-on Incorporated (NYSE:SNA) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $189.00.

SNA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Thursday, October 4th. Barrington Research reiterated a “buy” rating and set a $196.00 target price on shares of Snap-on in a report on Tuesday, October 16th. Robert W. Baird reduced their target price on Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Bank of America initiated coverage on Snap-on in a report on Friday, December 21st. They set a “buy” rating and a $165.00 target price on the stock. Finally, TheStreet lowered Snap-on from a “b” rating to a “c+” rating in a report on Wednesday, December 19th.

In other news, Chairman Nicholas T. Pinchuk sold 22,433 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $140.80, for a total value of $3,158,566.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Snap-on by 3.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 176,604 shares of the company’s stock worth $32,424,000 after acquiring an additional 5,533 shares in the last quarter. Man Group plc bought a new stake in Snap-on during the third quarter worth about $6,028,000. Baird Financial Group Inc. increased its position in Snap-on by 2.0% during the second quarter. Baird Financial Group Inc. now owns 53,715 shares of the company’s stock worth $8,630,000 after buying an additional 1,046 shares during the last quarter. Schroder Investment Management Group increased its position in Snap-on by 7.1% during the second quarter. Schroder Investment Management Group now owns 497,887 shares of the company’s stock worth $80,657,000 after buying an additional 32,839 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Snap-on by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 26,925 shares of the company’s stock worth $4,943,000 after buying an additional 676 shares during the last quarter.

Shares of Snap-on stock traded up $0.52 during trading on Friday, reaching $160.63. 16,064 shares of the company were exchanged, compared to its average volume of 662,897. The company has a quick ratio of 1.59, a current ratio of 2.31 and a debt-to-equity ratio of 0.30. Snap-on has a twelve month low of $135.29 and a twelve month high of $189.46. The stock has a market cap of $8.78 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, October 18th. The company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.02. The firm had revenue of $898.10 million for the quarter, compared to analyst estimates of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. Analysts expect that Snap-on will post 11.83 EPS for the current fiscal year.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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Analyst Recommendations for Snap-on (NYSE:SNA)

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