Insider Selling: Snap-on Incorporated (NYSE:SNA) SVP Sells 6,451 Shares of Stock

Snap-on Incorporated (NYSE:SNA) SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Snap-on Trading Down 0.8 %

Shares of SNA stock opened at $334.54 on Thursday. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The company has a 50-day simple moving average of $346.16 and a two-hundred day simple moving average of $320.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.15. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the prior year, the firm posted $4.75 earnings per share. Research analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Institutional Trading of Snap-on

Large investors have recently bought and sold shares of the company. UMB Bank n.a. grew its stake 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 worth $25,000 after acquiring an additional 31 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Snap-on during the fourth quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Snap-on during the fourth quarter valued at about $28,000. Reston Wealth Management LLC bought a new position in Snap-on during the third quarter worth about $30,000. Finally, Brooklyn Investment Group purchased a new position in shares of Snap-on in the third quarter worth about $39,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a report on Monday. Robert W. Baird lifted their price target on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Tigress Financial increased their price objective on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Roth Mkm raised their target price on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Bank of America upped their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $345.40.

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.