Snap-On (NYSE:SNA) CFO Sells $1,071,958.80 in Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 3,091 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $346.80, for a total value of $1,071,958.80. Following the completion of the transaction, the chief financial officer owned 108,648 shares in the company, valued at $37,679,126.40. This trade represents a 2.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Snap-On Stock Up 0.2%

SNA opened at $346.84 on Friday. The company has a market capitalization of $18.04 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $365.78. The business has a 50-day moving average of $339.65 and a 200-day moving average of $328.97.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, October 16th. The company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.59 by $0.12. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.70 EPS. Equities research analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a dividend of $2.44 per share. The ex-dividend date is Friday, November 21st. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is 51.18%.

Analyst Upgrades and Downgrades

SNA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Robert W. Baird upped their price target on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-On in a research note on Wednesday, October 15th. Tigress Financial upped their target price on Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $365.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNA. Tobam acquired a new stake in shares of Snap-On in the second quarter worth $29,000. Ameritas Advisory Services LLC bought a new stake in Snap-On in the 2nd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Snap-On by 97.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 47 shares during the period. Ransom Advisory Ltd acquired a new stake in Snap-On in the 1st quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Snap-On by 52.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares during the period. 84.88% of the stock is owned by institutional investors.

Snap-On Company Profile

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