June Lemerand Sells 1,378 Shares of Snap-On (NYSE:SNA) Stock

Snap-On Incorporated (NYSE:SNA) VP June Lemerand sold 1,378 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $387.57, for a total transaction of $534,071.46. Following the sale, the vice president owned 2,913 shares in the company, valued at approximately $1,128,991.41. This trade represents a 32.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Snap-On Stock Performance

Snap-On stock opened at $386.67 on Friday. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $390.13. The stock has a fifty day moving average price of $367.03 and a 200 day moving average price of $347.30. The company has a current ratio of 4.79, a quick ratio of 3.68 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.07 billion, a P/E ratio of 20.15, a PEG ratio of 2.67 and a beta of 0.81.

Snap-On (NYSE:SNA) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.82 EPS. Equities research analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 24th. Snap-On’s dividend payout ratio (DPR) is currently 50.86%.

Institutional Trading of Snap-On

Several large investors have recently modified their holdings of the business. MidFirst Bank purchased a new position in Snap-On in the fourth quarter valued at about $254,000. DGS Capital Management LLC increased its holdings in Snap-On by 43.9% during the 4th quarter. DGS Capital Management LLC now owns 1,230 shares of the company’s stock worth $424,000 after purchasing an additional 375 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its position in shares of Snap-On by 6.3% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 1,680 shares of the company’s stock valued at $579,000 after purchasing an additional 100 shares in the last quarter. Monetary Solutions Ltd acquired a new position in shares of Snap-On in the 4th quarter valued at approximately $59,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Snap-On during the 4th quarter valued at approximately $514,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on SNA shares. Robert W. Baird set a $375.00 price target on Snap-On in a report on Friday, February 6th. Roth Mkm reaffirmed a “buy” rating and issued a $409.00 target price (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snap-On has a consensus rating of “Moderate Buy” and an average target price of $370.67.

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.