Insider Selling: Snap-On Incorporated (SNA) Chairman Sells $3,609,694.00 in Stock
Snap-On Incorporated (NYSE:SNA) 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Nicholas T. Pinchuk also recently made the following trade(s):
- On Friday, December 28th, Nicholas T. Pinchuk sold 20,680 shares of Snap-On stock. The stock was sold at an average price of $174.55, for a total transaction of $3,609,694.00.
Shares of Snap-On Incorporated (NYSE:SNA) opened at $176.17 on Friday. The company has a market cap of $10,040.00, a PE ratio of 18.11, a P/E/G ratio of 1.35 and a beta of 1.14. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26.
Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 EPS. equities analysts anticipate that Snap-On Incorporated will post 10.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.82 per share. This is a boost from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, November 16th. Snap-On’s dividend payout ratio (DPR) is currently 33.71%.
Several institutional investors have recently added to or reduced their stakes in SNA. Schwab Charles Investment Management Inc. boosted its stake in shares of Snap-On by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,225 shares of the company’s stock worth $40,642,000 after purchasing an additional 9,614 shares during the last quarter. Comerica Bank boosted its stake in shares of Snap-On by 0.5% during the 2nd quarter. Comerica Bank now owns 16,826 shares of the company’s stock worth $2,482,000 after purchasing an additional 84 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Snap-On during the 2nd quarter worth about $1,800,000. Federated Investors Inc. PA boosted its stake 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 worth $2,195,000 after purchasing an additional 11,641 shares during the last quarter. Finally, Royce & Associates LP boosted its stake 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 worth $5,767,000 after purchasing an additional 2,500 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.
SNA has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Snap-On from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. FBR & Co reissued a “buy” rating and issued a $205.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. Oppenheimer reissued a “buy” rating and issued a $177.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research note on Monday, October 23rd. Finally, Jefferies Group reissued a “hold” rating and issued a $175.00 price objective on shares of Snap-On in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Snap-On currently has a consensus rating of “Buy” and a consensus price target of $193.56.
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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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