Snap-on Incorporated (NYSE:SNA) Receives Consensus Rating of "Moderate Buy" from Analysts

Snap-on Incorporated (NYSE:SNA - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $350.83.

SNA has been the topic of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research report on Thursday, April 17th. Robert W. Baird dropped their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. StockNews.com lowered Snap-on from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Tigress Financial upped their price target on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th.

Insider Activity at Snap-on

In other news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now owns 107,096 shares of the company's stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,011 shares of company stock valued at $12,116,859. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Snap-on

A number of institutional investors have recently modified their holdings of SNA. Bleakley Financial Group LLC bought a new position in Snap-on during the fourth quarter worth $512,000. Vest Financial LLC increased its position in Snap-on by 2.4% during the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after acquiring an additional 2,460 shares during the period. World Investment Advisors LLC bought a new position in Snap-on during the third quarter worth $19,291,000. Avanza Fonder AB bought a new position in Snap-on during the fourth quarter worth $1,936,000. Finally, Empirical Finance LLC increased its position in Snap-on by 45.8% during the fourth quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock worth $2,005,000 after acquiring an additional 1,856 shares during the period. Institutional investors own 84.88% of the company's stock.

Snap-on Price Performance

Shares of SNA traded up $4.20 during midday trading on Friday, reaching $313.89. The stock had a trading volume of 605,126 shares, compared to its average volume of 359,138. Snap-on has a 52 week low of $252.98 and a 52 week high of $373.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm's 50 day moving average price is $326.47 and its 200-day moving average price is $338.70. The company has a market capitalization of $16.41 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The company 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 last year, the firm earned $4.91 earnings per share. On average, analysts forecast that Snap-on will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be given a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's payout ratio is presently 44.82%.

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.