Snap-On (NYSE:SNA) SVP Jesus Arregui Sells 3,831 Shares

Snap-On Incorporated (NYSE:SNA) SVP Jesus Arregui sold 3,831 shares of Snap-On stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $337.28, for a total value of $1,292,119.68. Following the completion of the transaction, the senior vice president owned 2,642 shares in the company, valued at $891,093.76. The trade was a 59.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Snap-On Stock Performance

NYSE SNA traded up $7.54 during trading on Tuesday, hitting $340.56. The company’s stock had a trading volume of 266,257 shares, compared to its average volume of 361,318. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $373.89. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20. The firm has a market cap of $17.71 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The firm has a 50 day moving average price of $338.83 and a 200 day moving average price of $328.01.

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

Snap-On Increases Dividend

The company also recently disclosed 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. This represents a $9.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 21st. This is a boost from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is 51.18%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a research report on Wednesday, October 15th. Roth Capital reaffirmed a “buy” rating and set a $385.00 price objective on shares of Snap-On in a report on Friday, October 17th. Robert W. Baird upped their target price on shares of Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Tigress Financial lifted their price objective on Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SNA. Tobam bought a new position in shares of Snap-On in the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC bought a new position in Snap-On in the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its stake 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 worth $30,000 after purchasing an additional 47 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Snap-On in the 1st quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Snap-On by 52.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock valued at $34,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

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 & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.