Barrington Research Reiterates Outperform Rating for Snap-on (NYSE:SNA)

Snap-on (NYSE:SNA - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Barrington Research in a research note issued on Monday,Benzinga reports. They presently have a $350.00 target price on the stock. Barrington Research's target price indicates a potential upside of 9.54% from the company's previous close.

Several other research analysts also recently issued reports on SNA. Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. Tigress Financial boosted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Wall Street Zen upgraded shares of Snap-on from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Robert W. Baird dropped their price objective on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $350.83.

Snap-on Stock Performance

Snap-on stock traded down $1.63 on Monday, reaching $319.51. 289,667 shares of the stock were exchanged, compared to its average volume of 362,664. The stock has a market cap of $16.71 billion, a PE ratio of 16.39, a PEG ratio of 2.21 and a beta of 0.78. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on has a twelve month low of $252.98 and a twelve month high of $373.90. The firm has a fifty day moving average price of $322.12 and a two-hundred day moving average price of $338.48.

Snap-on (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the prior year, the firm earned $4.91 EPS. Sell-side analysts anticipate that Snap-on will post 19.79 EPS for the current year.

Insider Activity at Snap-on

In related news, CFO Aldo John Pagliari sold 5,553 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $326.84, for a total value of $1,814,942.52. Following the sale, the chief financial officer now owns 109,560 shares of the company's stock, valued at $35,808,590.40. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78% decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Institutional Trading of Snap-on

Several large investors have recently added to or reduced their stakes in SNA. UMB Bank n.a. grew its stake in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after buying an additional 31 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Snap-on during the first quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Snap-on during the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Snap-on during the fourth quarter worth about $28,000. Finally, Golden State Wealth Management LLC grew its stake in Snap-on by 421.1% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the company's stock worth $33,000 after buying an additional 80 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.