Snap-on Incorporated (NYSE:SNA) SVP Jesus Arregui Sells 6,451 Shares

Snap-on Incorporated (NYSE:SNA) SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares in the company, valued at approximately $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Snap-on Trading Down 1.1 %

SNA stock traded down $3.84 during mid-day trading on Tuesday, reaching $336.77. The company had a trading volume of 424,143 shares, compared to its average volume of 402,009. The firm has a 50 day moving average of $346.73 and a 200 day moving average of $320.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14. Snap-on Incorporated 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 price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating 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 quarter last year, the firm posted $4.75 earnings per share. On average, equities analysts predict that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNA has been the subject of a number of analyst reports. Roth Mkm raised their price target on 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 lifted their price target on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday. Bank of America boosted their target price on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research report on Friday, October 18th. Finally, Tigress Financial increased their price target on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average price target of $345.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation N.A. raised its stake in shares of Snap-on by 52.9% during the 4th quarter. Zions Bancorporation N.A. now owns 1,784 shares of the company’s stock worth $606,000 after acquiring an additional 617 shares in the last quarter. TIAA Trust National Association increased its position in Snap-on by 8.9% during the 4th quarter. TIAA Trust National Association now owns 4,745 shares of the company’s stock valued at $1,611,000 after buying an additional 387 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in Snap-on in the fourth quarter valued at about $219,000. CoreFirst Bank & Trust acquired a new stake in Snap-on in the fourth quarter worth about $40,000. Finally, Vanguard Group Inc. increased its holdings in shares of Snap-on by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company’s stock valued at $2,174,233,000 after acquiring an additional 19,328 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

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.