Snap-on Incorporated (NYSE:SNA) VP Iain Boyd sold 26,500 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $158.79, for a total value of $4,207,935.00. Following the completion of the transaction, the vice president now owns 19,038 shares of the company’s stock, valued at $3,023,044.02. The transaction was disclosed in a filing with the SEC, which is available at this link.

SNA stock traded up $1.03 during trading on Thursday, hitting $160.86. 502,664 shares of the company traded hands, compared to its average volume of 759,860. The stock has a market capitalization of $8.85 billion, a PE ratio of 13.62, a P/E/G ratio of 1.33 and a beta of 1.34. Snap-on Incorporated has a 1 year low of $135.29 and a 1 year high of $189.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.33 and a quick ratio of 1.62.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 7th. The company reported $3.03 earnings per share for the quarter, meeting the consensus estimate of $3.03. The company had revenue of $952.50 million during the quarter, compared to analysts’ expectations of $968.74 million. Snap-on had a return on equity of 21.62% and a net margin of 18.18%. Snap-on’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.69 EPS. Analysts anticipate that Snap-on Incorporated will post 12.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 25th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, February 22nd. Snap-on’s dividend payout ratio is presently 32.18%.

A number of equities analysts have recently issued reports on the company. TheStreet upgraded Snap-on from a “c+” rating to a “b-” rating in a report on Friday, January 11th. Zacks Investment Research upgraded Snap-on from a “sell” rating to a “hold” rating in a report on Monday. Finally, Bank of America assumed coverage on Snap-on in a report on Friday, December 21st. They issued a “buy” rating and a $165.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $190.33.

A number of hedge funds have recently modified their holdings of SNA. Bank of New York Mellon Corp boosted its holdings in Snap-on by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 602,529 shares of the company’s stock valued at $96,838,000 after acquiring an additional 15,123 shares during the period. First Hawaiian Bank purchased a new stake in Snap-on during the 3rd quarter valued at about $401,000. Aperio Group LLC boosted its holdings in Snap-on by 3.7% during the 3rd quarter. Aperio Group LLC now owns 21,984 shares of the company’s stock valued at $4,036,000 after acquiring an additional 787 shares during the period. IFM Investors Pty Ltd boosted its holdings in Snap-on by 32.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,627 shares of the company’s stock valued at $482,000 after acquiring an additional 651 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Snap-on during the 3rd quarter valued at about $2,619,000.

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About Snap-on

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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