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.
Snap-on Trading Up 0.1 %
Shares of SNA Stock traded up $0.33 on Thursday, hitting $231.91. 153,357 shares of the company's stock traded hands, compared to its average volume of 349,740. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 3.28. Snap-on has a one year low of $190.08 and a one year high of $235.36. The company's fifty day simple moving average is $209.87 and its 200 day simple moving average is $212.24. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.84 and a beta of 1.12.
Snap-on (NYSE:SNA - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The company reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.91 by $0.36. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.76 EPS. Equities analysts forecast that Snap-on will post 16.14 EPS for the current year.
Snap-on Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, August 18th. Snap-on's dividend payout ratio (DPR) is presently 35.63%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on SNA shares. MKM Partners started coverage on shares of Snap-on in a research report on Thursday, June 9th. They set a "neutral" rating and a $238.00 price objective on the stock. Tigress Financial increased their target price on shares of Snap-on from $295.00 to $298.00 and gave the company a "buy" rating in a report on Monday, April 25th. Finally, UBS Group reduced their target price on shares of Snap-on to $175.00 in a report on Friday, July 22nd.
Insiders Place Their Bets
In other Snap-on news, SVP Jesus Arregui sold 488 shares of the firm's stock in a transaction on Friday, August 5th. The shares were sold at an average price of $223.31, for a total value of $108,975.28. Following the sale, the senior vice president now owns 2,409 shares of the company's stock, valued at approximately $537,953.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Nicholas T. Pinchuk sold 19,394 shares of Snap-on stock in a transaction dated 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 sale, the chief executive officer now owns 622,123 shares of the company's stock, valued at approximately $134,739,399.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jesus Arregui sold 488 shares of Snap-on 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 sale, the senior vice president now directly owns 2,409 shares in the company, valued at approximately $537,953.79. The disclosure for this sale can be found here. Insiders own 4.30% of the company's stock.
