Snap-On (NYSE:SNA) CFO Sells $504,429.10 in Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $379.27, for a total value of $504,429.10. Following the completion of the sale, the chief financial officer owned 118,158 shares of the company’s stock, valued at $44,813,784.66. The trade was a 1.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, May 14th, Aldo John Pagliari sold 5,713 shares of Snap-On stock. The shares were sold at an average price of $367.19, for a total value of $2,097,756.47.

Snap-On Stock Up 0.2%

Shares of NYSE SNA opened at $379.67 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.74 and a current ratio of 3.53. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.67 and a beta of 0.73. The stock has a 50 day moving average price of $372.58 and a 200 day moving average price of $365.28. Snap-On Incorporated has a 52-week low of $301.82 and a 52-week high of $400.88.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.51 EPS. Sell-side analysts expect that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $2.44 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.6%. Snap-On’s payout ratio is presently 50.39%.

Snap-On announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

SNA has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and set a $431.00 target price on shares of Snap-On in a report on Friday, April 24th. Robert W. Baird upped their target price on Snap-On from $380.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Tigress Financial upped their target price on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a report on Monday, April 20th. Finally, Wall Street Zen lowered Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.67.

Hedge Funds Weigh In On Snap-On

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kennebec Savings Bank raised its stake in Snap-On by 3.6% in the 4th quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock worth $270,000 after acquiring an additional 27 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Snap-On by 36.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the last quarter. Verition Fund Management LLC raised its stake in Snap-On by 1.5% in the 4th quarter. Verition Fund Management LLC now owns 1,844 shares of the company’s stock worth $635,000 after acquiring an additional 28 shares during the last quarter. CWM LLC raised its stake in Snap-On by 0.6% in the 4th quarter. CWM LLC now owns 5,517 shares of the company’s stock worth $1,901,000 after acquiring an additional 31 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Snap-On by 2.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,401 shares of the company’s stock worth $483,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-On Company Profile

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.