Snap-on Incorporated (NYSE:SNA) Receives $350.83 Consensus PT from Analysts

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

A number of equities research analysts have weighed in on SNA shares. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, May 19th. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a report on Monday, March 31st. Wall Street Zen raised Snap-on from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Robert W. Baird reduced their target price on Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Tigress Financial raised their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th.

Snap-on Price Performance

Snap-on stock traded down $9.33 during mid-day trading on Friday, reaching $309.86. 318,945 shares of the company were exchanged, compared to its average volume of 367,007. The company has a fifty day simple moving average of $319.15 and a 200-day simple moving average of $334.05. Snap-on has a 12 month low of $252.98 and a 12 month 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 has a market cap of $16.20 billion, a PE ratio of 15.89, a PEG ratio of 2.21 and a beta of 0.78.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the prior year, the business posted $4.91 EPS. As a group, equities research analysts expect that Snap-on will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th were issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Tuesday, May 20th. Snap-on's dividend payout ratio (DPR) is 44.82%.

Insider Activity at Snap-on

In other Snap-on news, Director Karen L. Daniel sold 1,090 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the sale, the director now owns 8,030 shares in the company, valued at approximately $2,568,957.60. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 23,172 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $315.85, for a total value of $7,318,876.20. Following the completion of the sale, the chief executive officer now owns 804,510 shares in the company, valued at $254,104,483.50. This trade represents a 2.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,515 shares of company stock valued at $17,094,296 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snap-on

A number of institutional investors have recently made changes to their positions in the stock. Modern Wealth Management LLC grew its position in shares of Snap-on by 7.4% in the 1st quarter. Modern Wealth Management LLC now owns 638 shares of the company's stock valued at $215,000 after buying an additional 44 shares during the last quarter. Strs Ohio acquired a new position in shares of Snap-on in the 1st quarter valued at about $2,206,000. Jacobi Capital Management LLC lifted its stake in shares of Snap-on by 12.7% in the 1st quarter. Jacobi Capital Management LLC now owns 692 shares of the company's stock valued at $233,000 after purchasing an additional 78 shares during the period. Advisors Capital Management LLC lifted its stake in shares of Snap-on by 5.3% in the 1st quarter. Advisors Capital Management LLC now owns 1,241 shares of the company's stock valued at $418,000 after purchasing an additional 63 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Snap-on by 10.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 412 shares of the company's stock valued at $139,000 after purchasing an additional 39 shares during the period. 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.