Analysts Set Snap-on Incorporated (NYSE:SNA) PT at $316.75

Shares of Snap-on Incorporated (NYSE:SNA) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $316.75.

A number of equities analysts have issued reports on SNA shares. Roth Mkm reissued a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Tigress Financial reaffirmed a “buy” rating and set a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Robert W. Baird reduced their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th.

Snap-on Price Performance

Shares of SNA opened at $270.70 on Friday. Snap-on has a twelve month low of $247.68 and a twelve month high of $298.49. The company has a 50 day moving average of $284.28 and a two-hundred day moving average of $278.86. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. Snap-on’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $4.60 EPS. As a group, analysts predict that Snap-on will post 19.02 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a dividend of $1.86 per share. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s dividend payout ratio is currently 39.03%.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 2,562 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $269.35, for a total value of $690,074.70. Following the sale, the senior vice president now owns 8,663 shares of the company’s stock, valued at $2,333,379.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jesus Arregui sold 2,562 shares of Snap-on stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the transaction, the senior vice president now owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The disclosure for this sale can be found here. Insiders have sold 49,930 shares of company stock worth $14,089,523 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snap-on

Large investors have recently bought and sold shares of the business. Checchi Capital Advisers LLC grew its holdings in shares of Snap-on by 2.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,830 shares of the company’s stock worth $529,000 after purchasing an additional 36 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Snap-on by 3.5% during the third quarter. Avantax Planning Partners Inc. now owns 1,131 shares of the company’s stock worth $288,000 after purchasing an additional 38 shares during the period. Phoenix Wealth Advisors grew its position in Snap-on by 3.1% in the 3rd quarter. Phoenix Wealth Advisors now owns 1,309 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Snap-on by 17.2% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock valued at $79,000 after acquiring an additional 40 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of Snap-on by 0.4% during the first quarter. Czech National Bank now owns 9,286 shares of the company’s stock worth $2,751,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

About Snap-on

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.