Snap-on - SNA Stock Forecast, Price & News

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. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products. It also provides handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics. In addition, the company offers solutions for the service of vehicles and industrial equipment that include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists, as well as after-sales support services and training programs. Further, it provides financing programs to facilitate the sales of its products and support its franchise business. The company serves the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin.

Wall Street Analyst Weigh In

Several research firms have issued reports on SNA. Tigress Financial upped their price objective on Snap-on from $295.00 to $298.00 and gave the company a "buy" rating in a research note on Monday, April 25th. UBS Group reduced their target price on Snap-on to $175.00 in a report on Friday, July 22nd. Finally, MKM Partners assumed coverage on Snap-on in a report on Thursday, June 9th. They issued a "neutral" rating and a $238.00 target price on the stock.

Snap-on Price Performance

Snap-on stock opened at $233.35 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $12.43 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.85 and a beta of 1.12. The company's 50 day moving average price is $209.40 and its two-hundred day moving average price is $211.94. Snap-on has a 52 week low of $190.08 and a 52 week high of $235.36.

Snap-on (NYSE:SNA - Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.36. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.76 earnings per share. On average, equities analysts predict that Snap-on will post 15.93 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, August 18th. Snap-on's dividend payout ratio is currently 35.63%.

Insider Buying and Selling

In other Snap-on news, CEO Nicholas T. Pinchuk sold 19,394 shares of Snap-on stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the completion of the transaction, the chief executive officer now directly owns 622,123 shares of the company's stock, valued at approximately $134,739,399.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Snap-on news, SVP Jesus Arregui sold 488 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $223.31, for a total transaction of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares of the company's stock, valued at $537,953.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total transaction of $4,200,352.52. Following the completion of the sale, the chief executive officer now directly owns 622,123 shares in the company, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.