Barrington Research Reiterates Outperform Rating for Snap-on (NYSE:SNA)

Snap-on (NYSE:SNAGet Free Report)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a report released on Wednesday, Benzinga reports. They presently have a $325.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 20.25% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Roth Mkm reiterated a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a research note on Thursday, April 18th. Robert W. Baird lowered their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Snap-on presently has an average rating of “Moderate Buy” and an average price target of $316.75.

Read Our Latest Analysis on SNA

Snap-on Trading Down 2.1 %

Shares of Snap-on stock opened at $270.28 on Wednesday. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. Snap-on has a 52-week low of $247.68 and a 52-week high of $298.49. The company’s 50-day simple moving average is $282.17 and its 200-day simple moving average is $281.24. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23.

Snap-on (NYSE:SNAGet Free Report) last issued its earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $4.60 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Snap-on will post 19.01 earnings per share for the current year.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the completion of the transaction, the chief financial officer now owns 97,699 shares of the company’s stock, valued at $27,048,945.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the transaction, the chief financial officer now directly owns 97,699 shares in the company, valued at approximately $27,048,945.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,677 shares of company stock valued at $14,870,348. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNA. Scarborough Advisors LLC purchased a new stake in Snap-on during the fourth quarter valued at about $30,000. BKM Wealth Management LLC acquired a new stake in Snap-on during the 4th quarter worth approximately $33,000. Exchange Traded Concepts LLC acquired a new stake in Snap-on during the 4th quarter worth approximately $43,000. Itau Unibanco Holding S.A. purchased a new position in Snap-on in the third quarter valued at approximately $49,000. Finally, Orion Capital Management LLC acquired a new position in Snap-on during the third quarter valued at approximately $49,000. 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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Analyst Recommendations for Snap-on (NYSE:SNA)

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