Snap-On (NYSE:SNA) CFO Sells $2,387,563.80 in Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,779 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $352.20, for a total value of $2,387,563.80. Following the transaction, the chief financial officer owned 111,888 shares of the company’s stock, valued at approximately $39,406,953.60. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, December 4th, Aldo John Pagliari sold 3,091 shares of Snap-On stock. The shares were sold at an average price of $346.80, for a total transaction of $1,071,958.80.

Snap-On Trading Down 0.2%

NYSE SNA opened at $350.61 on Friday. 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 stock has a market capitalization of $18.24 billion, a P/E ratio of 18.39, a PEG ratio of 2.65 and a beta of 0.78. The firm’s 50-day moving average is $339.81 and its two-hundred day moving average is $329.91. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $365.78.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, October 16th. The company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.12. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 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 3.8% on a year-over-year basis. During the same period last year, the business earned $4.70 earnings per share. On average, sell-side analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were paid a dividend of $2.44 per share. This represents a $9.76 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. The ex-dividend date was Friday, November 21st. Snap-On’s payout ratio is currently 51.18%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SNA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and issued a $385.00 target price on shares of Snap-On in a research report on Friday, October 17th. Robert W. Baird increased their price target on shares of Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $350.00 target price on shares of Snap-On in a research note on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Snap-On presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

Hedge Funds Weigh In On Snap-On

A number of institutional investors and hedge funds have recently made changes to their positions in SNA. Advisors Capital Management LLC raised its stake in shares of Snap-On by 5.3% during the 1st quarter. Advisors Capital Management LLC now owns 1,241 shares of the company’s stock worth $418,000 after buying an additional 63 shares in the last quarter. Jump Financial LLC raised its position in Snap-On by 367.7% in the first quarter. Jump Financial LLC now owns 5,523 shares of the company’s stock worth $1,861,000 after acquiring an additional 4,342 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Snap-On in the first quarter valued at $1,986,000. Ascent Group LLC purchased a new stake in shares of Snap-On during the 1st quarter worth $421,000. Finally, Caxton Associates LLP acquired a new position in shares of Snap-On during the 1st quarter worth $946,000. 84.88% of the stock is owned by institutional investors and hedge funds.

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.