SNA has been the topic of a number of other research reports. Barrington Research raised shares of Snap-On from a market perform rating to an outperform rating and set a $185.00 price objective on the stock in a research report on Monday, October 23rd. Oppenheimer reissued a buy rating and set a $177.00 price objective on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Snap-On from a sell rating to a hold rating in a report on Monday, October 9th. Jefferies Group restated a hold rating and issued a $175.00 target price on shares of Snap-On in a report on Friday, November 3rd. Finally, FBR & Co restated a buy rating and issued a $205.00 target price on shares of Snap-On in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Snap-On currently has a consensus rating of Buy and an average price target of $193.56.
Snap-On (NYSE:SNA) traded up $3.37 during mid-day trading on Thursday, hitting $183.76. 425,300 shares of the stock were exchanged, compared to its average volume of 624,275. The company has a market cap of $10,570.00, a PE ratio of 18.89, a PEG ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. Snap-On has a one year low of $140.83 and a one year high of $183.77.
Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The company had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. research analysts forecast that Snap-On will post 10.09 EPS for the current year.
In other Snap-On news, CEO Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.
Hedge funds have recently modified their holdings of the company. San Francisco Sentry Investment Group CA purchased a new stake in shares of Snap-On during the 2nd quarter worth approximately $126,000. Acrospire Investment Management LLC increased its stake in shares of Snap-On by 700.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after purchasing an additional 700 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Snap-On by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock worth $171,000 after buying an additional 46 shares during the period. Rowland & Co. Investment Counsel ADV boosted its holdings in Snap-On by 40.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock worth $174,000 after buying an additional 315 shares during the period. Finally, Amica Retiree Medical Trust bought a new position in Snap-On in the 3rd quarter worth approximately $165,000. Institutional investors own 99.40% of the company’s stock.
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Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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