Snap-on’s (SNA) “Outperform” Rating Reaffirmed at Barrington Research

Snap-on (NYSE:SNA)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued on Monday,Benzinga reports. They currently have a $350.00 price objective on the stock. Barrington Research’s target price points to a potential upside of 3.93% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Bank of America increased their price target on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research report on Friday, October 18th. Roth Mkm upped their price objective on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their target price on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Tigress Financial increased their price objective on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $345.40.

Snap-on Stock Down 1.1 %

Snap-on stock opened at $336.77 on Monday. Snap-on has a 12-month low of $252.98 and a 12-month high of $373.89. The company has a market capitalization of $17.68 billion, a PE ratio of 17.27, a PEG ratio of 2.13 and a beta of 0.99. The firm’s fifty day moving average is $346.73 and its 200 day moving average is $320.49. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the company posted $4.75 EPS. As a group, sell-side analysts predict that Snap-on will post 20.07 EPS for the current fiscal year.

Insider Activity at Snap-on

In other news, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,643 shares of company stock valued at $13,580,191. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Snap-on

Several large investors have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC purchased a new stake in Snap-on in the fourth quarter worth about $512,000. Vest Financial LLC increased its stake in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after acquiring an additional 2,460 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Snap-on by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after acquiring an additional 67 shares during the period. Sanctuary Advisors LLC grew its holdings in Snap-on by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after purchasing an additional 1,605 shares during the period. Finally, World Investment Advisors LLC bought a new stake in shares of Snap-on in the 3rd quarter worth approximately $19,291,000. Institutional investors own 84.88% of the company’s stock.

Snap-on Company Profile

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.