Snap-on Incorporated (NYSE:SNA) Chairman Nicholas T. Pinchuk Sells 19,403 Shares

Snap-on Incorporated (NYSE:SNA) Chairman Nicholas T. Pinchuk sold 19,403 shares of Snap-on stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $164.60, for a total value of $3,193,733.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of NYSE:SNA traded up $3.26 during trading on Friday, reaching $159.76. 321,208 shares of the stock were exchanged, compared to its average volume of 435,549. Snap-on Incorporated has a 12 month low of $135.29 and a 12 month high of $189.46. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.51 and a beta of 1.24. The company’s 50-day moving average is $161.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.66 and a current ratio of 2.42.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 18th. The company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.10. Snap-on had a return on equity of 21.66% and a net margin of 18.64%. The company had revenue of $921.70 million during the quarter, compared to analysts’ expectations of $933.13 million. During the same quarter in the previous year, the company posted $2.79 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. On average, analysts anticipate that Snap-on Incorporated will post 12.35 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNA. CSat Investment Advisory L.P. raised its position in shares of Snap-on by 81.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 205 shares of the company’s stock valued at $30,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC raised its position in shares of Snap-on by 326.7% in the first quarter. Signaturefd LLC now owns 192 shares of the company’s stock valued at $30,000 after buying an additional 147 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Snap-on in the fourth quarter valued at approximately $33,000. FTB Advisors Inc. raised its position in shares of Snap-on by 120.5% in the first quarter. FTB Advisors Inc. now owns 366 shares of the company’s stock valued at $56,000 after buying an additional 200 shares in the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Snap-on in the first quarter valued at approximately $56,000.

A number of equities analysts recently commented on SNA shares. Bank of America cut Propetro from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Longbow Research reiterated a “hold” rating on shares of Snap-on in a report on Monday, July 1st. Northcoast Research restated a “neutral” rating on shares of Snap-on in a report on Friday, May 17th. Barrington Research boosted their price objective on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $185.20.

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 and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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