Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Snap-on from a hold rating to a buy rating and set a $193.00 price target on the stock in a research note on Wednesday, December 20th. Jefferies Group reissued a hold rating and issued a $175.00 price target on shares of Snap-on in a research note on Friday, November 3rd. Barrington Research raised Snap-on from a market perform rating to an outperform rating and set a $185.00 price target on the stock in a research note on Monday, October 23rd. Oppenheimer reaffirmed a buy rating and set a $177.00 target price on shares of Snap-on in a research report on Thursday, October 19th. Finally, FBR & Co reaffirmed a buy rating and set a $205.00 target price on shares of Snap-on in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $193.56.
Snap-on (NYSE SNA) traded down $0.17 during trading on Thursday, hitting $183.59. The company had a trading volume of 584,700 shares, compared to its average volume of 619,878. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75. The firm has a market capitalization of $10,470.00, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.40 and a beta of 1.14. Snap-on has a one year low of $140.83 and a one year high of $185.47.
Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. Snap-on had a return on equity of 20.82% and a net margin of 15.95%. The company had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. During the same period in the previous year, the firm earned $2.22 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. analysts predict that Snap-on will post 10.09 EPS for the current year.
In related news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $174.55, for a total transaction of $3,609,694.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.
A number of large investors have recently made changes to their positions in SNA. Schwab Charles Investment Management Inc. grew its stake in Snap-on by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,225 shares of the company’s stock valued at $40,642,000 after purchasing an additional 9,614 shares during the period. Comerica Bank grew its stake in Snap-on by 0.5% in the 2nd quarter. Comerica Bank now owns 16,826 shares of the company’s stock valued at $2,482,000 after purchasing an additional 84 shares during the period. Federated Investors Inc. PA lifted its position in shares of Snap-on by 516.9% during the 2nd quarter. Federated Investors Inc. PA now owns 13,893 shares of the company’s stock valued at $2,195,000 after buying an additional 11,641 shares during the last quarter. Royce & Associates LP lifted its position in shares of Snap-on by 7.4% during the 2nd quarter. Royce & Associates LP now owns 36,500 shares of the company’s stock valued at $5,767,000 after buying an additional 2,500 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Snap-on by 20.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,394 shares of the company’s stock valued at $695,000 after buying an additional 747 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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