Snap-on Incorporated (NYSE:SNA) Declares Quarterly Dividend of $1.86

Snap-on Incorporated (NYSE:SNA - Get Free Report) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Shareholders of record on Monday, May 20th will be given a dividend of 1.86 per share on Monday, June 10th. This represents a $7.44 annualized dividend and a yield of 2.75%.

Snap-on has increased its dividend by an average of 14.6% per year over the last three years and has increased its dividend every year for the last 14 years.

Snap-on Trading Down 1.3 %

SNA traded down $3.43 during trading on Thursday, hitting $270.16. 261,207 shares of the stock were exchanged, compared to its average volume of 314,738. The firm has a 50 day simple moving average of $284.19 and a 200 day simple moving average of $278.72. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.87 and a beta of 0.99. Snap-on has a 1 year low of $247.68 and a 1 year high of $298.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $4.60 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Snap-on will post 19.04 EPS for the current year.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of Snap-on stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the completion of the sale, the chief financial officer now owns 95,661 shares of the company's stock, valued at approximately $26,014,052.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of Snap-on stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the completion of the sale, the chief financial officer now owns 95,661 shares of the company's stock, valued at approximately $26,014,052.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now directly owns 3,213 shares of the company's stock, valued at approximately $957,988.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,368 shares of company stock valued at $13,399,449. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SNA shares. Roth Mkm reiterated a "buy" rating and issued a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Barrington Research reissued an "outperform" rating and issued a $325.00 price objective on shares of Snap-on in a research report on Monday, April 15th. Robert W. Baird lowered their price objective on Snap-on from $295.00 to $282.00 and set a "neutral" rating for the company in a research report on Friday, April 19th. Finally, Tigress Financial reissued a "buy" rating and issued a $336.00 price objective on shares of Snap-on in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Snap-on presently has an average rating of "Moderate Buy" and an average target price of $316.75.

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.