Insider Selling: Snap-on Incorporated (NYSE:SNA) CFO Sells 6,860 Shares of Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58.

Snap-on Trading Down 0.8 %

NYSE:SNA opened at $335.87 on Friday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.21 and a beta of 0.99. The firm has a fifty day simple moving average of $343.79 and a two-hundred day simple moving average of $323.21. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the business earned $4.75 EPS. Analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is 43.90%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNA. UMB Bank n.a. lifted its stake in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after buying an additional 31 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Snap-on during the fourth quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on during the fourth quarter valued at about $28,000. Reston Wealth Management LLC bought a new position in shares of Snap-on during the third quarter valued at about $30,000. Finally, Brooklyn Investment Group bought a new position in shares of Snap-on during the third quarter valued at about $39,000. 84.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Tigress Financial raised their price target on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barrington Research restated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $345.40.

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.