Snap-on Incorporated (NYSE:SNA) Announces Quarterly Dividend of $1.86

Snap-on Incorporated (NYSE:SNA) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Shareholders of record on Monday, May 20th will be given a dividend of 1.86 per share on Monday, June 10th. This represents a $7.44 dividend on an annualized basis and a yield of 2.75%.

Snap-on has raised its dividend payment by an average of 14.6% per year over the last three years and has increased its dividend annually for the last 14 consecutive years.

Snap-on Stock Performance

NYSE:SNA opened at $270.70 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The firm has a 50-day moving average of $284.21 and a two-hundred day moving average of $278.66. The stock has a market cap of $14.27 billion, a P/E ratio of 14.20, a PEG ratio of 1.87 and a beta of 0.99. Snap-on has a 1-year low of $247.68 and a 1-year high of $298.49.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $4.60 EPS. On average, research analysts expect that Snap-on will post 19.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research report on Monday, April 15th. Robert W. Baird reduced their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Tigress Financial reaffirmed a “buy” rating and set a $336.00 price target on shares of Snap-on in a research report on Friday, February 16th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Snap-on presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the sale, the chief executive officer now owns 742,383 shares in the company, valued at $213,420,264.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Aldo John Pagliari sold 7,522 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the sale, the chief financial officer now owns 95,661 shares in the company, valued at $26,014,052.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the sale, the chief executive officer now owns 742,383 shares in the company, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Insiders have sold a total of 49,930 shares of company stock worth $14,089,523 over the last quarter. 4.10% of the stock is owned by company insiders.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.