Snap-on’s (SNA) Outperform Rating Reiterated at Barrington Research

Snap-on (NYSE:SNA)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $350.00 price target on the stock. Barrington Research’s price target suggests a potential upside of 14.69% from the company’s previous close.

Several other equities research analysts have also recently weighed in on SNA. Longbow Research raised Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Monday, March 31st. Robert W. Baird decreased their price target on shares of Snap-on from $358.00 to $349.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Tigress Financial boosted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $355.67.

Snap-on Trading Down 8.1 %

NYSE SNA traded down $26.84 during trading on Thursday, hitting $305.16. The company had a trading volume of 817,885 shares, compared to its average volume of 358,163. The company’s fifty day moving average is $332.99 and its 200-day moving average is $337.45. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on has a one year low of $252.98 and a one year high of $373.90.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing the consensus estimate of $4.82 by ($0.31). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the previous year, the business earned $4.91 earnings per share. On average, sell-side analysts predict that Snap-on will post 19.79 earnings per share for the current year.

Insider Buying and Selling at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now owns 793,932 shares of the company’s stock, valued at $266,221,278.24. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snap-on

Large investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Snap-on during the 4th quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on during the 4th quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Snap-on in the 1st quarter worth $35,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Snap-on in the fourth quarter worth $40,000. 84.88% of the stock is currently owned by institutional investors.

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.