Snap-On (NYSE:SNA) CFO Aldo John Pagliari Sells 3,091 Shares of Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 3,091 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 108,648 shares in the company, valued at $37,679,126.40. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Snap-On Stock Down 0.1%

Shares of Snap-On stock opened at $345.86 on Friday. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a twelve month low of $289.81 and a twelve month high of $365.78. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. The company’s 50 day moving average is $339.55 and its 200 day moving average is $328.85.

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

Snap-On Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be paid a $2.44 dividend. This is a boost from Snap-On’s previous quarterly dividend of $2.14. The ex-dividend date is Friday, November 21st. This represents a $9.76 annualized dividend and a dividend yield of 2.8%. Snap-On’s dividend payout ratio (DPR) is currently 51.18%.

Institutional Investors Weigh In On Snap-On

Several large investors have recently made changes to their positions in SNA. Tobam acquired a new stake in Snap-On in the second quarter worth $29,000. Ameritas Advisory Services LLC bought a new stake in shares of Snap-On in the 2nd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC raised its stake in Snap-On by 97.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock worth $30,000 after buying an additional 47 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Snap-On during the first quarter worth about $34,000. 84.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.