Snap-on (NYSE:SNA) posted its quarterly earnings data on Thursday. The company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.06, Bloomberg Earnings reports. The firm had revenue of $935.50 million for the quarter, compared to analysts’ expectations of $926.52 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.39 EPS.
Snap-on stock traded up $12.48 during midday trading on Thursday, reaching $156.12. The company’s stock had a trading volume of 753,053 shares, compared to its average volume of 710,868. Snap-on has a 52 week low of $140.83 and a 52 week high of $185.47. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8,192.79, a PE ratio of 15.02, a P/E/G ratio of 1.22 and a beta of 1.16.
Several research analysts have weighed in on the company. Barrington Research reiterated a “buy” rating on shares of Snap-on in a research report on Monday. Zacks Investment Research cut Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. B. Riley set a $205.00 price objective on Snap-on and gave the stock a “buy” rating in a research report on Monday, March 12th. Finally, Robert W. Baird lowered their price objective on Snap-on from $220.00 to $211.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $190.86.
In other Snap-on news, Director Nathan J. Jones sold 774 shares of Snap-on stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $162.47, for a total value of $125,751.78. Following the transaction, the director now owns 2,984 shares in the company, valued at $484,810.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Thomas L. Kassouf sold 96,000 shares of Snap-on stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $160.40, for a total value of $15,398,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,995 shares of company stock worth $16,839,572. Company insiders own 4.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new stake in shares of Snap-on during the fourth quarter valued at about $146,000. Glenview State Bank Trust DEPT. acquired a new stake in shares of Snap-on during the fourth quarter valued at about $206,000. D.B. Root & Company LLC acquired a new stake in shares of Snap-on during the fourth quarter valued at about $229,000. Conning Inc. acquired a new stake in shares of Snap-on during the fourth quarter valued at about $230,000. Finally, Fort Point Capital Partners LLC acquired a new stake in shares of Snap-on during the fourth quarter valued at about $237,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
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Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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