Snap-On (NYSE: SNA) recently received a number of ratings updates from brokerages and research firms:

  • 8/2/2017 – Snap-On had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $197.00 price target on the stock.
  • 7/31/2017 – Snap-On was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/25/2017 – Snap-On was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/21/2017 – Snap-On was given a new $205.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock. They wrote, “SNA shares offer investors a compelling opportunity after being off about 5% on mixed 2Q17 results vs. the S&P 500 essentially flat. We believe all three businesses still have favorable outlooks. Despite slowing growth in the core van channel business, there are additional growth drivers that include enhancing the core Snap-on van channel, expanding the customer base, extending its reach in critical industries, and capitalizing on the development of emerging markets. With three business segments generating low- to mid-single-digit annual organic revenue growth, the company continues to generate positive operating leverage from a more favorable product mix and continuous improvement initiatives.””
  • 7/19/2017 – Snap-On was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/19/2017 – Snap-On was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Snap-On has registered an excellent earnings surprise history over the trailing four quarters, beating estimates all through. The company has devised a comprehensive blueprint to drive long-run growth, by enhancing franchise network, expanding footprint in vehicle repair garage & vital industries, and penetrating emerging markets. Its financing business is witnessing strong momentum, and the recent Norbar Torque & Car-O-Liner acquisitions should also drive growth. Solid prospects across business segments, diversified portfolio and impressive traction of new products add to its strength. However, year to date, Snap-on’s shares have underperformed the Zacks categorized Tools-Hand Held industry average. Sluggish oil market activities, price volatility and high currency fluctuation risks pose as major concerns. This apart, stiff competition, volatility in price of raw materials and currency fluctuations add to the company’s woes.”
  • 7/12/2017 – Snap-On was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past one year, Snap-on’s shares have underperformed the Zacks categorized Tools-Hand Held industry’s average return. Sluggish oil market activities, price volatility and high currency fluctuation risks pose as major concerns. This apart, stiff competition and volatility in price of raw materials add to the company’s woes. The company is continually exposed to high currency fluctuation risks, especially due to strengthening of U.S. dollar, and macroeconomic turbulences, which hurts profits. Political issues like budgetary impasse in the U.S. and sequestration can also prove to be highly taxing for the company’s business. However, the company has devised a comprehensive blueprint to drive long-run growth, by enhancing franchise network, expanding footprint in vehicle repair garage & vital industries, and penetrating emerging markets, which should translate into future growth.”
  • 7/12/2017 – Snap-On was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/11/2017 – Snap-On had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $205.00 price target on the stock.
  • 7/6/2017 – Snap-On had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $175.00 price target on the stock.
  • 7/5/2017 – Snap-On was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Snap-On Incorporated (NYSE:SNA) opened at 152.77 on Friday. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 15.81 and a beta of 1.05. Snap-On Incorporated has a one year low of $145.17 and a one year high of $181.73. The stock has a 50 day moving average price of $154.25 and a 200-day moving average price of $164.40.

Snap-On (NYSE:SNA) last announced 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 company had revenue of $921.40 million during the quarter, compared to the consensus estimate of $920.87 million. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. Snap-On’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.36 EPS. On average, analysts predict that Snap-On Incorporated will post $10.09 earnings per share for the current fiscal year.

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

In other news, Director Ruth Ann M. Gillis bought 265 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $152.58 per share, for a total transaction of $40,433.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Iain Boyd sold 18,418 shares of Snap-On stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $147.54, for a total value of $2,717,391.72. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

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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