Snap-on Incorporated (NYSE:SNA) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $172.60.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Snap-on from a “hold” rating to a “sell” rating and set a $166.00 price target for the company. in a research report on Tuesday, July 16th. Robert W. Baird set a $164.00 price target on shares of Snap-on and gave the stock a “hold” rating in a research report on Friday, July 19th. ValuEngine raised shares of Snap-on from a “sell” rating to a “hold” rating in a research report on Tuesday. Longbow Research reissued a “hold” rating on shares of Snap-on in a research report on Monday, July 1st. Finally, Oppenheimer set a $180.00 price target on shares of Snap-on and gave the stock a “buy” rating in a research report on Friday, July 19th.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 19,403 shares of Snap-on stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $164.60, for a total value of $3,193,733.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Anup R. Banerjee sold 2,800 shares of Snap-on stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $150.40, for a total value of $421,120.00. Following the completion of the transaction, the senior vice president now owns 128 shares of the company’s stock, valued at approximately $19,251.20. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cardinal Capital Management raised its position in Snap-on by 0.9% in the 2nd quarter. Cardinal Capital Management now owns 7,286 shares of the company’s stock valued at $1,207,000 after purchasing an additional 63 shares during the last quarter. Alps Advisors Inc. raised its position in Snap-on by 2.7% in the 1st quarter. Alps Advisors Inc. now owns 2,514 shares of the company’s stock valued at $393,000 after purchasing an additional 65 shares during the last quarter. Connable Office Inc. raised its position in Snap-on by 3.0% in the 1st quarter. Connable Office Inc. now owns 2,318 shares of the company’s stock valued at $363,000 after purchasing an additional 68 shares during the last quarter. CSat Investment Advisory L.P. raised its position in Snap-on by 34.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 280 shares of the company’s stock valued at $47,000 after purchasing an additional 71 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in Snap-on by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 7,934 shares of the company’s stock valued at $1,242,000 after purchasing an additional 84 shares during the last quarter.

NYSE:SNA traded down $0.21 during mid-day trading on Friday, hitting $162.65. The company’s stock had a trading volume of 19,457 shares, compared to its average volume of 289,465. Snap-on has a fifty-two week low of $135.29 and a fifty-two week high of $189.46. The company has a current ratio of 2.48, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 1.48 and a beta of 1.25. The stock has a fifty day moving average of $150.46 and a 200-day moving average of $158.12.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, July 18th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.21 by $0.01. Snap-on had a net margin of 18.70% and a return on equity of 21.40%. The firm had revenue of $951.30 million during the quarter, compared to analyst estimates of $959.33 million. During the same quarter in the prior year, the business posted $3.11 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Snap-on will post 12.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, August 19th. Snap-on’s payout ratio is 32.18%.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Analyst Recommendations for Snap-on (NYSE:SNA)

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