Snap-On Incorporated (SNA) To Go Ex-Dividend on February 24th

Snap-On Incorporated (NYSE:SNA) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, February 24th will be paid a dividend of 2.44 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, February 24th.

Snap-On has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Snap-On has a payout ratio of 48.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Snap-On to earn $21.14 per share next year, which means the company should continue to be able to cover its $9.76 annual dividend with an expected future payout ratio of 46.2%.

Snap-On Price Performance

Shares of SNA opened at $384.23 on Friday. The firm’s 50-day simple moving average is $360.42 and its two-hundred day simple moving average is $343.33. Snap-On has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The stock has a market cap of $19.98 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $4.82 EPS. Analysts anticipate that Snap-On will post 19.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SNA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $409.00 target price (up previously from $385.00) on shares of Snap-On in a research note on Tuesday. Tigress Financial increased their price target on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Robert W. Baird set a $375.00 price objective on shares of Snap-On in a report on Friday, February 6th. Finally, Wall Street Zen downgraded Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snap-On presently has an average rating of “Moderate Buy” and an average target price of $370.67.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.