Snap-On (NYSE:SNA) VP June Lemerand Sells 1,378 Shares

Snap-On Incorporated (NYSE:SNA) VP June Lemerand sold 1,378 shares of Snap-On stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $387.57, for a total value of $534,071.46. Following the transaction, the vice president owned 2,913 shares in the company, valued at approximately $1,128,991.41. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Snap-On Price Performance

Shares of Snap-On stock traded down $2.20 during trading on Thursday, hitting $384.26. The stock had a trading volume of 84,623 shares, compared to its average volume of 339,099. The business has a fifty day moving average of $366.21 and a two-hundred day moving average of $347.03. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The firm has a market cap of $19.95 billion, a P/E ratio of 20.02, a PEG ratio of 2.67 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.79 and a quick ratio of 3.68.

Snap-On (NYSE:SNA) last issued its quarterly earnings results 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 the consensus estimate of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. Snap-On’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.82 EPS. On average, sell-side analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a $2.44 dividend. The ex-dividend date is Tuesday, February 24th. This represents a $9.76 annualized dividend and a yield of 2.5%. Snap-On’s payout ratio is 50.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNA. Robert W. Baird set a $375.00 target price on Snap-On in a report on Friday, February 6th. Roth Mkm reaffirmed a “buy” rating and set a $409.00 price objective (up from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th. Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $370.67.

Hedge Funds Weigh In On Snap-On

Several institutional investors and hedge funds have recently modified their holdings of SNA. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Snap-On in the fourth quarter valued at about $25,000. DV Equities LLC bought a new stake in shares of Snap-On in the 4th quarter valued at approximately $25,000. GoalVest Advisory LLC acquired a new position in Snap-On in the fourth quarter worth approximately $28,000. Tobam bought a new position in Snap-On during the second quarter valued at approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Snap-On by 97.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

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.