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

Key Points

• Moderate Buy consensus from six brokerages (4 buys, 1 hold, 1 sell) with an average 12‑month target of $372.80, and several firms (e.g., Tigress, Roth MKM) recently raising their price targets.
• Insiders have been selling recently — including SVP Timothy Chambers and VP June Lemerand — with a total of 39,650 shares sold (~$15.21M) over the past 90 days; insiders now own 3.80% of the company.
• Snap‑On posted quarterly EPS of $4.94 (beat by $0.08) on $1.23B revenue (slightly below estimates) and pays a quarterly dividend of $2.44 ($9.76 annual, ~2.5% yield) with a ~50.9% payout ratio.

Shares of Snap-On Incorporated (NYSE:SNA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, MarketBeat reports. One 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $372.80.

A number of research analysts have recently commented on the company. Tigress Financial upped their target price on Snap-On from $405.00 to $445.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a research note on Wednesday, January 21st. Robert W. Baird set a $375.00 target price on Snap-On in a research note on Friday, February 6th. Wall Street Zen cut Snap-On from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Finally, Roth Mkm reissued a "buy" rating and set a $409.00 target price (up from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th.

Insider Activity at Snap-On

In other news, SVP Timothy L. Chambers sold 8,000 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $385.13, for a total transaction of $3,081,040.00. Following the completion of the sale, the senior vice president directly owned 19,480 shares of the company's stock, valued at approximately $7,502,332.40. The trade was a 29.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP June C. Lemerand sold 1,378 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $387.57, for a total transaction of $534,071.46. Following the sale, the vice president directly owned 2,913 shares of the company's stock, valued at $1,128,991.41. This represents a 32.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,650 shares of company stock valued at $15,210,959 over the last ninety days. Company insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Snap-On in the fourth quarter worth approximately $25,000. DV Equities LLC bought a new position in Snap-On in the fourth quarter worth approximately $25,000. GoalVest Advisory LLC bought a new position in Snap-On in the fourth quarter worth approximately $28,000. Montag A & Associates Inc. grew its stake in Snap-On by 331.8% in the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company's stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in Snap-On by 1,880.0% in the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company's stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

Snap-On Trading Up 0.8%

Shares of NYSE SNA opened at $383.64 on Friday. The business's 50 day moving average is $373.59 and its two-hundred day moving average is $355.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.79 and a quick ratio of 3.68. Snap-On has a 1-year low of $289.81 and a 1-year high of $390.13. The stock has a market capitalization of $19.97 billion, a P/E ratio of 19.99, a PEG ratio of 2.63 and a beta of 0.77.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.86 by $0.08. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the firm posted $4.82 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts expect that Snap-On will post 19.79 EPS for the current year.

Snap-On Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $2.44 per share. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Snap-On's payout ratio is currently 50.86%.

About Snap-On

Snap‑On Incorporated NYSE: SNA is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company's product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.