Snap-on Incorporated (NYSE:SNA) Receives Consensus Rating of “Moderate Buy” from Analysts

Snap-on Incorporated (NYSE:SNA) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $316.75.

A number of equities analysts have weighed in on SNA shares. Robert W. Baird decreased their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Barrington Research restated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Roth Mkm reiterated a “buy” rating and set a $324.00 price objective on shares of Snap-on in a research note on Thursday, April 18th. Finally, Tigress Financial reissued a “buy” rating and issued a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th.

Snap-on Stock Down 1.3 %

Shares of NYSE SNA opened at $270.16 on Friday. The firm has a fifty day simple moving average of $284.19 and a two-hundred day simple moving average of $278.72. Snap-on has a 12 month low of $247.68 and a 12 month high of $298.49. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.24 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $4.60 earnings per share. Snap-on’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts expect that Snap-on will post 19.04 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.75%. Snap-on’s dividend payout ratio is presently 39.03%.

Insider Transactions at Snap-on

In related news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now directly owns 3,213 shares in the company, valued at approximately $957,988.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value 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 $25,213,456.14. The disclosure for this sale can be found here. Insiders have sold 47,368 shares of company stock valued at $13,399,449 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snap-on

Several large investors have recently bought and sold shares of SNA. Royal London Asset Management Ltd. increased its holdings in shares of Snap-on by 12.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock worth $5,751,000 after buying an additional 2,542 shares during the last quarter. Caprock Group LLC purchased a new position in Snap-on in the fourth quarter worth about $1,203,000. Cerity Partners LLC increased its stake in Snap-on by 275.7% during the fourth quarter. Cerity Partners LLC now owns 7,938 shares of the company’s stock worth $2,292,000 after acquiring an additional 5,825 shares during the last quarter. Vision Capital Management Inc. bought a new stake in Snap-on during the fourth quarter worth approximately $2,377,000. Finally, Raymond James & Associates lifted its stake in shares of Snap-on by 3.9% in the 4th quarter. Raymond James & Associates now owns 355,160 shares of the company’s stock valued at $102,584,000 after purchasing an additional 13,225 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-on Company Profile

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.