Snap-On Incorporated (NYSE:SNA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Snap-On Incorporated (NYSE:SNA) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $370.6667.

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Robert W. Baird set a $375.00 price target on shares of Snap-On in a report on Friday, February 6th. Wall Street Zen cut Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Roth Mkm restated a “buy” rating and set a $409.00 price objective (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th.

Insiders Place Their Bets

In other Snap-On news, VP Richard Thomas Miller sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $348.27, for a total transaction of $696,540.00. Following the completion of the sale, the vice president directly owned 4,158 shares of the company’s stock, valued at $1,448,106.66. This trade represents a 32.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $339.15, for a total transaction of $7,667,164.05. Following the transaction, the chief executive officer owned 826,364 shares of the company’s stock, valued at approximately $280,261,350.60. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 48,036 shares of company stock worth $16,792,028 over the last ninety days. 3.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Snap-On

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kennebec Savings Bank boosted its position in shares of Snap-On by 3.6% during the 4th quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock valued at $270,000 after acquiring an additional 27 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock valued at $36,000 after purchasing an additional 28 shares in the last quarter. Verition Fund Management LLC lifted its position in Snap-On by 1.5% during the fourth quarter. Verition Fund Management LLC now owns 1,844 shares of the company’s stock valued at $635,000 after purchasing an additional 28 shares during the last quarter. BankPlus Trust Department increased its holdings in shares of Snap-On by 5.9% in the 3rd quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after buying an additional 30 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Snap-On by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $2,546,000 after buying an additional 31 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Snap-On Price Performance

Shares of SNA stock opened at $384.05 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79. Snap-On has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The firm has a market cap of $19.94 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.63 and a beta of 0.81. The business’s 50 day moving average price is $362.63 and its 200-day moving average price is $344.78.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $4.82 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Snap-On will post 19.79 earnings per share for the current year.

Snap-On Dividend Announcement

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

About Snap-On

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.