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 company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Snap-on Trading Down 1.1 %

Shares of NYSE SNA opened at $336.77 on Wednesday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.13 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $346.73 and a 200-day simple moving average of $320.49.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate 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 business earned $4.75 earnings per share. Sell-side analysts predict that Snap-on Incorporated will post 20.07 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Snap-on

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its stake in Snap-on by 70.5% in 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Snap-on in the 4th quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Snap-on in the 4th quarter worth about $28,000. Reston Wealth Management LLC purchased a new stake in Snap-on in the 3rd quarter worth about $30,000. Finally, Brooklyn Investment Group purchased a new stake in Snap-on in the 3rd quarter worth about $39,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

About Snap-on

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.