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.
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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