Key Points
- CFO Aldo John Pagliari sold 6,779 shares on Dec. 11 at an average price of $352.20 for $2.39M, cutting his position by 5.71% to 111,888 shares (valued at about $39.41M).
- Including a Dec. 4 sale of 3,091 shares at $346.80, Pagliari's two recent disposals total ~9,870 shares worth roughly $3.46M.
- Snap‑On raised its quarterly dividend to $2.44 (from $2.14), yielding 2.8% annualized ($9.76), and recently beat quarterly EPS and revenue estimates; analysts' consensus is a "Moderate Buy" with an average price target of $365.
Snap-On Incorporated (NYSE:SNA - Get Free Report) CFO Aldo John Pagliari sold 6,779 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $352.20, for a total value of $2,387,563.80. Following the completion of the transaction, the chief financial officer owned 111,888 shares in the company, valued at $39,406,953.60. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Aldo John Pagliari also recently made the following trade(s):
- On Thursday, December 4th, Aldo John Pagliari sold 3,091 shares of Snap-On stock. The shares were sold at an average price of $346.80, for a total value of $1,071,958.80.
Snap-On Stock Performance
Shares of Snap-On stock opened at $351.47 on Friday. The firm has a market capitalization of $18.28 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The business's fifty day simple moving average is $339.74 and its 200 day simple moving average is $329.66. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $365.78.
Snap-On (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, October 16th. The company reported $4.71 EPS for the quarter, topping analysts' consensus estimates of $4.59 by $0.12. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.70 EPS. As a group, analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current year.
Snap-On Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were paid a $2.44 dividend. The ex-dividend date was Friday, November 21st. 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 yield of 2.8%. Snap-On's dividend payout ratio is presently 51.18%.
Hedge Funds Weigh In On Snap-On
Several institutional investors have recently modified their holdings of SNA. Advisors Capital Management LLC raised its position 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 worth $418,000 after acquiring an additional 63 shares in the last quarter. Jump Financial LLC grew its stake in Snap-On by 367.7% in the first quarter. Jump Financial LLC now owns 5,523 shares of the company's stock worth $1,861,000 after purchasing an additional 4,342 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Snap-On in the first quarter worth $1,986,000. Ascent Group LLC purchased a new position in Snap-On during the first quarter valued at $421,000. Finally, Caxton Associates LLP purchased a new position in Snap-On during the first quarter valued at $946,000. 84.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Snap-On from $355.00 to $365.00 and gave the stock a "neutral" rating in a research note on Friday, October 17th. Roth Capital reissued a "buy" rating and issued a $385.00 target price on shares of Snap-On in a research report on Friday, October 17th. Tigress Financial upped their price target on Snap-On from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a report on Wednesday, October 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $350.00 price target on shares of Snap-On in a report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $365.00.
Check Out Our Latest Research Report on SNA
Snap-On Company Profile
(
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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