Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari Sells 6,860 Shares

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the sale, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 value of $2,401,706.58.

Snap-on Price Performance

SNA stock traded down $2.63 during trading on Friday, hitting $335.87. The company had a trading volume of 315,566 shares, compared to its average volume of 388,623. The company has a fifty day moving average price of $344.18 and a two-hundred day moving average price of $322.76. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a market cap of $17.60 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.23 and a beta of 0.99. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping 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 last year, the company earned $4.75 EPS. Equities research analysts expect that Snap-on Incorporated will post 19.79 earnings per share 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 yield of 2.55%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio is currently 43.90%.

Wall Street Analyst Weigh In

SNA has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial boosted their price target on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $345.40.

Hedge Funds Weigh In On Snap-on

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in Snap-on by 70.5% in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Snap-on in the fourth quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on during the fourth quarter worth $28,000. Reston Wealth Management LLC bought a new stake in shares of Snap-on during the third quarter worth $30,000. Finally, Brooklyn Investment Group bought a new stake in shares of Snap-on during the third quarter worth $39,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

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.