Insider Selling: Snap-On (NYSE:SNA) SVP Sells 8,000 Shares of Stock

Snap-On Incorporated (NYSE:SNAGet Free Report) SVP Timothy Chambers sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $385.13, for a total value of $3,081,040.00. Following the sale, the senior vice president owned 19,480 shares of the company’s stock, valued at approximately $7,502,332.40. The trade was a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Snap-On Price Performance

SNA stock traded down $1.54 during midday trading on Friday, reaching $369.26. The company had a trading volume of 463,808 shares, compared to its average volume of 330,591. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $388.96. The stock has a 50 day moving average price of $356.35 and a 200-day moving average price of $341.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.81.

Snap-On (NYSE:SNAGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.86 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.82 earnings per share. Equities research analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SNA shares. 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 note on Tuesday, October 21st. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Robert W. Baird set a $375.00 target price on shares of Snap-On in a report on Friday. Finally, Barrington Research restated an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.67.

Read Our Latest Research Report on SNA

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Snap-On during the 4th quarter worth approximately $25,000. GoalVest Advisory LLC acquired a new position in shares of Snap-On during the fourth quarter worth $28,000. Tobam bought a new stake in shares of Snap-On in the second quarter worth $29,000. Ameritas Advisory Services LLC acquired a new stake in Snap-On in the second quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its position 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 purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

More Snap-On News

Here are the key news stories impacting Snap-On this week:

About Snap-On

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

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