Snap-On Incorporated (NYSE:SNA) Director Ruth Ann M. Gillis purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $152.70 per share, with a total value of $15,270.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ruth Ann M. Gillis also recently made the following trade(s):

  • On Friday, August 4th, Ruth Ann M. Gillis purchased 265 shares of Snap-On stock. The shares were acquired at an average cost of $152.58 per share, with a total value of $40,433.70.

Shares of Snap-On Incorporated (NYSE SNA) traded down 0.06% during midday trading on Friday, reaching $152.76. 409,873 shares of the company’s stock traded hands. Snap-On Incorporated has a 52-week low of $145.17 and a 52-week high of $181.73. The stock has a 50-day moving average price of $154.83 and a 200-day moving average price of $165.25. The stock has a market cap of $8.80 billion, a P/E ratio of 15.81 and a beta of 1.05.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.05. The firm had revenue of $921.40 million for the quarter, compared to the consensus estimate of $920.87 million. Snap-On had a net margin of 16.22% and a return on equity of 20.90%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 EPS. Analysts forecast that Snap-On Incorporated will post $10.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a $0.71 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.86%. Snap-On’s dividend payout ratio (DPR) is currently 29.34%.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Snap-On from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and set a $175.00 price target on shares of Snap-On in a research note on Wednesday, May 31st. BidaskClub raised shares of Snap-On from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. FBR & Co set a $205.00 target price on shares of Snap-On and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $197.00 target price on shares of Snap-On in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Snap-On has a consensus rating of “Buy” and a consensus price target of $197.86.

Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Snap-On by 4.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,000 shares of the company’s stock worth $343,000 after buying an additional 90 shares during the period. Teachers Advisors LLC increased its position in shares of Snap-On by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 140,795 shares of the company’s stock worth $24,114,000 after buying an additional 5,735 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Snap-On during the fourth quarter worth about $721,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Snap-On during the fourth quarter worth about $322,000. Finally, Macquarie Group Ltd. increased its position in shares of Snap-On by 140.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,400 shares of the company’s stock worth $411,000 after buying an additional 1,400 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Snap-On

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.

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

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