Snap-on (NYSE:SNA - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Barrington Research in a report released on Monday, Benzinga reports. They currently have a $325.00 price target on the stock. Barrington Research's price objective would suggest a potential upside of 13.70% from the stock's previous close.
Separately, Tigress Financial reissued a "buy" rating and set a $336.00 price target on shares of Snap-on in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $306.00.
View Our Latest Analysis on Snap-on
Snap-on Stock Performance
Shares of NYSE:SNA traded down $3.75 on Monday, hitting $285.83. The company had a trading volume of 307,355 shares, compared to its average volume of 302,468. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.07 and a beta of 0.99. The stock has a 50 day moving average price of $284.18 and a 200 day moving average price of $278.04. Snap-on has a 1-year low of $238.90 and a 1-year high of $298.49. The company has a current ratio of 3.88, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23.
Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $4.66 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.38% and a return on equity of 20.89%. Snap-on's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.42 EPS. Analysts expect that Snap-on will post 19.22 EPS for the current year.
Insider Activity
In related news, VP Richard Thomas Miller sold 704 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the sale, the vice president now owns 3,213 shares of the company's stock, valued at $957,988.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now directly owns 3,213 shares of the company's stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the transaction, the chief executive officer now owns 742,383 shares of the company's stock, valued at $213,420,264.84. The disclosure for this sale can be found here. In the last three months, insiders sold 47,368 shares of company stock worth $13,399,449. 4.10% of the stock is currently owned by company insiders.
Institutional Trading of Snap-on
Several institutional investors and hedge funds have recently modified their holdings of SNA. Vanguard Group Inc. lifted its stake in Snap-on by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,365,971 shares of the company's stock valued at $1,308,079,000 after purchasing an additional 44,555 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Snap-on by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company's stock valued at $325,509,000 after acquiring an additional 26,260 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Snap-on by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,255,550 shares of the company's stock valued at $309,984,000 after acquiring an additional 8,649 shares in the last quarter. Ariel Investments LLC grew its position in Snap-on by 1.8% during the 1st quarter. Ariel Investments LLC now owns 1,129,250 shares of the company's stock worth $232,038,000 after acquiring an additional 20,485 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Snap-on by 3.6% in the 1st quarter. Northern Trust Corp now owns 877,449 shares of the company's stock worth $180,298,000 after purchasing an additional 30,664 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.
About Snap-on
(
Get Free Report)
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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