Snap-on (NYSE:SNA) Receives Outperform Rating from Barrington Research

Snap-on (NYSE:SNA - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a research note issued on Friday,Benzinga reports. They currently have a $350.00 price objective on the stock. Barrington Research's target price would suggest a potential upside of 8.44% from the company's current price.

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Several other analysts also recently issued reports on SNA. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a report on Monday, March 31st. Tigress Financial upped their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $355.33.

Get Our Latest Analysis on SNA

Snap-on Price Performance

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NYSE SNA opened at $322.76 on Friday. Snap-on has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. The stock's 50-day moving average is $333.97 and its two-hundred day moving average is $336.46. The firm has a market cap of $16.92 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17.

Snap-on (NYSE:SNA - Get Free Report) last issued 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 return on equity of 19.20% and a net margin of 21.71%. During the same period in the prior year, the business posted $4.75 EPS. On average, analysts anticipate that Snap-on will post 19.79 earnings per share for the current fiscal year.

Insider Activity at Snap-on

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In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction on Thursday, February 20th. The shares were 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 in the company, valued at $36,310,898.80. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company's stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,011 shares of company stock worth $12,116,859 over the last three months. Company insiders own 3.90% of the company's stock.

Institutional Trading of Snap-on

Several institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Snap-on during the 4th quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on during the 4th quarter worth approximately $28,000. CoreFirst Bank & Trust bought a new stake in Snap-on in the fourth quarter valued at $40,000. Finally, TCTC Holdings LLC raised its stake in Snap-on by 41.3% during the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company's stock worth $50,000 after acquiring an additional 43 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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