Key Points
- Snap-On CFO Aldo John Pagliari sold 1,330 shares on June 4 at an average price of $379.27, totaling about $504,429. After the sale, he still held 118,158 shares, and the transaction reduced his ownership by 1.11%.
- The company recently reported mixed quarterly results: EPS of $4.69 missed analyst expectations by $0.06, while revenue of $1.21 billion came in above estimates and rose 5.8% year over year.
- Snap-On maintained shareholder returns through a dividend and buyback plan, declaring a $2.44 quarterly dividend and authorizing a $500 million share repurchase program. Analysts currently rate the stock a “Moderate Buy” with a consensus target price of $387.67.
Snap-On Incorporated (NYSE:SNA - Get Free Report) CFO Aldo John Pagliari sold 1,330 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $379.27, for a total transaction of $504,429.10. Following the transaction, the chief financial officer owned 118,158 shares in the company, valued at approximately $44,813,784.66. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Aldo John Pagliari also recently made the following trade(s):
- On Thursday, May 14th, Aldo John Pagliari sold 5,713 shares of Snap-On stock. The shares were sold at an average price of $367.19, for a total transaction of $2,097,756.47.
Snap-On Stock Performance
Snap-On stock opened at $378.95 on Friday. The company has a current ratio of 3.53, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. Snap-On Incorporated has a 1 year low of $301.82 and a 1 year high of $400.88. The company has a market cap of $19.63 billion, a PE ratio of 19.56, a PEG ratio of 2.66 and a beta of 0.73. The company's 50-day moving average is $372.35 and its two-hundred day moving average is $365.18.
Snap-On (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $4.51 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current year.
Snap-On Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, May 20th. Snap-On's dividend payout ratio (DPR) is currently 50.39%.
Snap-On announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.
Institutional Trading of Snap-On
A number of large investors have recently bought and sold shares of the business. DV Trading LLC bought a new stake in Snap-On during the 1st quarter worth approximately $247,000. Parallel Advisors LLC increased its stake in Snap-On by 13.6% during the 1st quarter. Parallel Advisors LLC now owns 753 shares of the company's stock worth $274,000 after purchasing an additional 90 shares in the last quarter. Cozad Asset Management Inc. increased its stake in Snap-On by 3.6% during the 1st quarter. Cozad Asset Management Inc. now owns 7,675 shares of the company's stock worth $2,788,000 after purchasing an additional 264 shares in the last quarter. Axiom Investment Management LLC bought a new stake in Snap-On during the 1st quarter worth approximately $118,000. Finally, Western Wealth Management LLC bought a new stake in Snap-On during the 1st quarter worth approximately $29,000. 84.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Snap-On in a research report on Monday, April 20th. Robert W. Baird increased their price target on shares of Snap-On from $380.00 to $395.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Barclays assumed coverage on shares of Snap-On in a research report on Thursday, May 28th. They issued an "overweight" rating and a $420.00 price target on the stock. Wall Street Zen downgraded shares of Snap-On from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Tigress Financial increased their price target on shares of Snap-On from $405.00 to $445.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $387.67.
Read Our Latest Analysis on Snap-On
About Snap-On
(
Get Free Report)
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.
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