Snap-on Incorporated (NYSE:SNA) SVP Sells $108,975.28 in Stock

Snap-on Incorporated (NYSE:SNAGet Rating) SVP Jesus Arregui sold 488 shares of the stock in a transaction on Friday, August 5th. The stock was 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 $537,953.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Snap-on Trading Down 0.0 %

Snap-on stock traded down $0.06 during trading on Friday, reaching $223.00. 232,618 shares of the company were exchanged, compared to its average volume of 355,901. The stock’s 50 day simple moving average is $208.44 and its two-hundred day simple moving average is $210.90. The company has a market capitalization of $11.88 billion, a P/E ratio of 13.99, a PEG ratio of 1.78 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.37. Snap-on Incorporated has a 52-week low of $190.08 and a 52-week high of $235.36.

Snap-on (NYSE:SNAGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $3.76 earnings per share. Snap-on’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Snap-on Incorporated will post 15.93 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.55%. Snap-on’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Investors Weigh In On Snap-on

A number of institutional investors and hedge funds have recently made changes to their positions in SNA. Allspring Global Investments Holdings LLC acquired a new stake in Snap-on during the 4th quarter worth approximately $9,624,000. Commonwealth Equity Services LLC increased its position in shares of Snap-on by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,987 shares of the company’s stock worth $3,874,000 after acquiring an additional 645 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Snap-on in the fourth quarter valued at $1,883,000. Chevy Chase Trust Holdings Inc. boosted its holdings in Snap-on by 52.8% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 50,627 shares of the company’s stock valued at $10,904,000 after purchasing an additional 17,489 shares in the last quarter. Finally, CWM LLC acquired a new position in Snap-on during the fourth quarter worth approximately $928,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SNA shares. MKM Partners assumed coverage on Snap-on in a research report on Thursday, June 9th. They set a “neutral” rating and a $238.00 price target on the stock. UBS Group reduced their price target on shares of Snap-on to $175.00 in a research report on Friday, July 22nd. Finally, Tigress Financial lifted their price objective on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, April 25th.

About Snap-on

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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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