Snap-On Incorporated (NYSE:SNA) Receives $356.17 Average PT from Brokerages

Key Points

• Snap-On Incorporated has an average analyst rating of "Moderate Buy", with four firms recommending buying the stock and one advising to sell.
• The average 12-month price target for Snap-On shares is $356.17, with various analysts providing differing expectations ranging from $265.00 to $350.00.
• CEO Nicholas T. Pinchuk and Director Karen L. Daniel recently sold significant amounts of stock, with total insider sales over the past 90 days exceeding $9.4 million.

Shares of Snap-On Incorporated (NYSE:SNA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $356.1667.

Several equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of 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 upped their price target on shares of Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Barrington Research reissued an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.

Snap-On Trading Up 1.0%

Shares of NYSE SNA traded up $3.05 during trading on Friday, hitting $321.98. 223,485 shares of the company were exchanged, compared to its average volume of 375,163. The company has a fifty day moving average price of $318.94 and a 200-day moving average price of $326.66. 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 firm has a market capitalization of $16.79 billion, a PE ratio of 17.17, a P/E/G ratio of 2.22 and a beta of 0.76. Snap-On has a 12-month low of $267.00 and a 12-month high of $373.89.

Snap-On (NYSE:SNA - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, beating analysts' consensus estimates of $4.61 by $0.11. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. Snap-On's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.07 earnings per share. As a group, equities research analysts expect that Snap-On will post 19.79 EPS for the current year.

Insider Buying and Selling

In other Snap-On news, Director Karen L. Daniel sold 1,090 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $319.92, for a total value of $348,712.80. Following the transaction, the director owned 8,030 shares in the company, valued at $2,568,957.60. The trade was a 11.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 5,553 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following the sale, the chief financial officer directly owned 109,560 shares of the company's stock, valued at $35,808,590.40. The trade was a 4.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,815 shares of company stock valued at $9,482,532. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snap-On

Large investors have recently modified their holdings of the stock. Alpine Bank Wealth Management acquired a new stake in shares of Snap-On in the 1st quarter worth about $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Snap-On during the 2nd quarter valued at $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Snap-On by 421.1% in 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 period. Ransom Advisory Ltd acquired a new stake in Snap-On during the 1st quarter valued at $34,000. Finally, Cullen Frost Bankers Inc. grew its stake in Snap-On by 248.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company's stock valued at $34,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

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.