Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari Sells 125 Shares

Key Points

• Aldo John Pagliari, CFO of Snap-On Incorporated, sold 125 shares of the company stock for a total value of $40,651.25, resulting in a 0.11% decrease in his ownership.
• The company recently announced a quarterly dividend of $2.14 per share, with a yield of 2.6%, set to be paid on September 10th.
• Snap-On's latest quarterly earnings showed a profit of $4.72 per share, exceeding analyst expectations and indicating a year-over-year revenue increase.

Snap-On Incorporated (NYSE:SNA - Get Free Report) CFO Aldo John Pagliari sold 125 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $325.21, for a total value of $40,651.25. Following the transaction, the chief financial officer owned 111,721 shares in the company, valued at approximately $36,332,786.41. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 14th, Aldo John Pagliari sold 4,731 shares of Snap-On stock. The stock was sold at an average price of $327.38, for a total value of $1,548,834.78.

Snap-On Stock Performance

SNA traded up $1.32 during trading hours on Friday, hitting $326.04. The stock had a trading volume of 378,793 shares, compared to its average volume of 383,741. The company's fifty day simple moving average is $319.58 and its 200 day simple moving average is $325.32. Snap-On Incorporated has a 1 year low of $268.90 and a 1 year high of $373.89. The stock has a market cap of $17.01 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21.

Snap-On (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $4.72 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.11. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $5.07 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 19th. Snap-On's payout ratio is presently 45.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barrington Research reiterated an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research note on Tuesday, July 15th. Bank of America lifted their target price on Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a research note on Friday, July 18th. Robert W. Baird lifted 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. Finally, Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $356.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNA. Alpine Bank Wealth Management bought a new stake in shares of Snap-On during the 1st quarter valued at about $25,000. Tobam bought a new stake in shares of Snap-On during the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC bought a new stake in shares of Snap-On during the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Snap-On by 97.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company's stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Snap-On by 421.1% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the company's stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

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.

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