Aldo John Pagliari Sells 6,860 Shares of Snap-on Incorporated (NYSE:SNA) Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Aldo John Pagliari also recently made the following trade(s):

• On Wednesday, December 18th, Aldo John Pagliari sold 6,909 shares of Snap-on stock. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58.

Snap-on Trading Down 0.8 %

NYSE:SNA opened at $335.87 on Friday. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $343.79 and a two-hundred day moving average price of $323.56. The company has a market cap of $17.60 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $4.75 earnings per share. As a group, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is presently 43.90%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $345.40.

Institutional Investors Weigh In On Snap-on

Several large investors have recently made changes to their positions in SNA. Raymond James Financial Inc. acquired a new stake in shares of Snap-on in the 4th quarter valued at approximately $148,839,000. Norges Bank acquired a new stake in shares of Snap-on in the 4th quarter valued at approximately $145,342,000. First Trust Advisors LP boosted its holdings in shares of Snap-on by 29.2% in the 4th quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock valued at $617,651,000 after buying an additional 411,317 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Snap-on in the 4th quarter valued at approximately $57,738,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Snap-on by 2,691.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock valued at $45,810,000 after buying an additional 152,428 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

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.