Snap-on (NYSE:SNA) Earns “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Snap-on (NYSE:SNA) in a research note published on Monday, Benzinga reports. They currently have a $325.00 price objective on the stock.

Separately, Tigress Financial reiterated a buy rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $306.00.

Snap-on Trading Up 0.4 %

NYSE:SNA opened at $283.50 on Monday. Snap-on has a fifty-two week low of $239.08 and a fifty-two week high of $298.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.81. The stock has a market capitalization of $14.98 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The business’s 50-day simple moving average is $283.74 and its 200-day simple moving average is $278.27.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $4.42 EPS. Snap-on’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Snap-on will post 19.22 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio (DPR) is 39.68%.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 3,231 shares of Snap-on stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares in the company, valued at approximately $25,213,456.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Anup R. Banerjee sold 12,397 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $283.13, for a total value of $3,509,962.61. Following the completion of the sale, the senior vice president now directly owns 11,420 shares in the company, valued at approximately $3,233,344.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The disclosure for this sale can be found here. In the last three months, insiders sold 47,368 shares of company stock worth $13,399,449. 4.10% of the stock is owned by company insiders.

Institutional Trading of Snap-on

Institutional investors have recently modified their holdings of the stock. Clear Street Markets LLC lifted its position in shares of Snap-on by 96.3% during the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after acquiring an additional 52 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after acquiring an additional 47 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Snap-on during the 4th quarter valued at $30,000. BKM Wealth Management LLC bought a new stake in shares of Snap-on during the 4th quarter valued at $33,000. Finally, Peoples Bank KS bought a new stake in shares of Snap-on during the 3rd quarter valued at $40,000. 84.88% of the stock is currently owned by institutional investors.

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.