Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari Sells 6,909 Shares

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares in the company, valued at $34,994,210.16. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Snap-on Stock Up 1.8 %

Shares of SNA opened at $343.65 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.35 and a beta of 0.98. The stock has a fifty day moving average of $345.35 and a 200-day moving average of $299.11.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, October 17th. The company reported $4.70 EPS for the quarter, beating the consensus estimate of $4.58 by $0.12. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. As a group, sell-side analysts anticipate that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $2.14 dividend. The ex-dividend date was Thursday, November 21st. This represents a $8.56 annualized dividend and a dividend yield of 2.49%. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. Snap-on’s payout ratio is currently 44.06%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brookstone Capital Management acquired a new position in shares of Snap-on during the second quarter valued at about $246,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Snap-on by 84.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,630 shares of the company’s stock worth $687,000 after acquiring an additional 1,205 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Snap-on by 2.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 45,924 shares of the company’s stock valued at $12,004,000 after acquiring an additional 1,207 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Snap-on by 29.1% during the second quarter. Atria Wealth Solutions Inc. now owns 3,555 shares of the company’s stock valued at $929,000 after acquiring an additional 802 shares in the last quarter. Finally, &PARTNERS raised its position in shares of Snap-on by 602.0% during the second quarter. &PARTNERS now owns 5,756 shares of the company’s stock worth $1,508,000 after purchasing an additional 4,936 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the subject of a number of recent analyst reports. Tigress Financial upped their price target on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Mkm raised their target price on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barrington Research boosted their price target on Snap-on from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Bank of America upped their price objective on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Finally, Robert W. Baird lifted their target price on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $345.40.

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.