Key Points
- Snap-On VP Richard Thomas Miller sold shares: He sold 2,000 shares on Dec. 4 at an average $348.27 (≈$696,540) and 1,728 shares on Dec. 3 at $344.70 (≈$595,642), leaving him with 4,158 shares — a 32.48% reduction in his ownership.
- Company performance and dividend hike: Snap‑On beat quarterly estimates (EPS $4.71 vs. $4.59; revenue $1.19B vs. $1.16B) and raised its quarterly dividend to $2.44 (from $2.14), a $9.76 annualized payout with about a 2.8% yield.
Snap-On Incorporated (NYSE:SNA - Get Free Report) VP Richard Thomas Miller sold 1,728 shares of the firm's stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $344.70, for a total transaction of $595,641.60. Following the transaction, the vice president owned 4,158 shares of the company's stock, valued at approximately $1,433,262.60. This trade represents a 29.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Richard Thomas Miller also recently made the following trade(s):
- On Thursday, December 4th, Richard Thomas Miller sold 2,000 shares of Snap-On stock. The shares were sold at an average price of $348.27, for a total transaction of $696,540.00.
Snap-On Price Performance
NYSE:SNA traded down $0.66 during trading hours on Friday, reaching $345.47. 5,598 shares of the company's stock were exchanged, compared to its average volume of 356,924. The company has a market capitalization of $17.97 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $365.78. The business's 50-day simple moving average is $339.55 and its two-hundred day simple moving average is $328.85. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20.
Snap-On (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.12. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $4.70 EPS. The company's revenue was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.
Snap-On Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a dividend of $2.44 per share. This is a positive change from Snap-On's previous quarterly dividend of $2.14. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 21st. Snap-On's dividend payout ratio is presently 51.18%.
Wall Street Analyst Weigh In
SNA has been the subject of a number of research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Snap-On in a research report on Wednesday, October 8th. Tigress Financial boosted their price target on shares of Snap-On from $395.00 to $405.00 and gave the company a "buy" rating in a report on Tuesday, October 21st. Robert W. Baird lifted their price objective on Snap-On from $355.00 to $365.00 and gave the company a "neutral" rating in a research report on Friday, October 17th. Wall Street Zen raised Snap-On from a "hold" rating to a "buy" rating in a research report on Saturday, October 18th. Finally, Barrington Research restated an "outperform" rating and issued a $350.00 price objective on shares of Snap-On in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $365.00.
Check Out Our Latest Report on Snap-On
Hedge Funds Weigh In On Snap-On
Large investors have recently added to or reduced their stakes in the company. Advisors Capital Management LLC lifted its position in Snap-On by 5.3% in the first quarter. Advisors Capital Management LLC now owns 1,241 shares of the company's stock worth $418,000 after purchasing an additional 63 shares during the period. Jump Financial LLC raised its stake in shares of Snap-On by 367.7% in the 1st quarter. Jump Financial LLC now owns 5,523 shares of the company's stock valued at $1,861,000 after buying an additional 4,342 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Snap-On during the 1st quarter worth about $1,986,000. Ascent Group LLC bought a new stake in Snap-On in the first quarter valued at about $421,000. Finally, Caxton Associates LLP acquired a new position in shares of Snap-On in the 1st quarter worth approximately $946,000. Institutional investors and hedge funds own 84.88% of the company's stock.
About Snap-On
(
Get Free Report)
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.
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