Aldo John Pagliari Sells 4,731 Shares of Snap-On Incorporated (NYSE:SNA) Stock

Key Points

• Aldo John Pagliari, CFO of Snap-On Incorporated, sold 4,731 shares of the company on August 14th for a total value of $1.55 million, decreasing his ownership by 4.06%.
• Snap-On's quarterly earnings report revealed an EPS of $4.72, exceeding estimates, with a net margin of 20.98% and revenue of $1.18 billion.
• The company declared a quarterly dividend of $2.14 per share, with an ex-dividend date on August 19th, representing an annualized dividend yield of 2.6%.

Snap-On Incorporated (NYSE:SNA - Get Free Report) CFO Aldo John Pagliari sold 4,731 shares of Snap-On stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $327.38, for a total value of $1,548,834.78. Following the sale, the chief financial officer owned 111,667 shares in the company, valued at $36,557,542.46. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, August 15th, Aldo John Pagliari sold 125 shares of Snap-On stock. The stock was sold at an average price of $325.21, for a total transaction of $40,651.25.

Snap-On Stock Performance

Shares of Snap-On stock traded up $1.32 during trading on Friday, hitting $326.04. 378,793 shares of the stock were exchanged, compared to its average volume of 383,741. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.42 and a current ratio of 4.48. The stock's fifty day moving average is $319.50 and its 200 day moving average is $325.50. The stock has a market cap of $17.01 billion, a PE ratio of 17.39, a P/E/G ratio of 2.32 and a beta of 0.76. Snap-On Incorporated has a 12 month low of $268.90 and a 12 month high of $373.89.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.61 by $0.11. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 19th. Snap-On's payout ratio is currently 45.65%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SNA shares. Robert W. Baird increased their target price on Snap-On from $329.00 to $347.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Barrington Research reaffirmed an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Bank of America boosted their target price on shares of Snap-On from $265.00 to $285.00 and gave the company an "underperform" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $356.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SNA. Forvis Mazars Wealth Advisors LLC increased its holdings in Snap-On by 0.7% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 4,607 shares of the company's stock valued at $1,553,000 after purchasing an additional 32 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Snap-On by 4.3% during the first quarter. Horizon Investments LLC now owns 775 shares of the company's stock worth $261,000 after purchasing an additional 32 shares during the last quarter. TrinityPoint Wealth LLC grew its holdings in shares of Snap-On by 0.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 4,164 shares of the company's stock worth $1,414,000 after purchasing an additional 33 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Snap-On by 13.5% during the second quarter. Penserra Capital Management LLC now owns 278 shares of the company's stock worth $86,000 after purchasing an additional 33 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Snap-On by 5.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 694 shares of the company's stock worth $234,000 after purchasing an additional 34 shares during the last quarter. 84.88% of the stock is owned by institutional investors.

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.

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