Snap-On (NYSE:SNA) CFO Aldo John Pagliari Sells 1,330 Shares of Stock

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 1,330 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $379.27, for a total transaction of $504,429.10. Following the sale, the chief financial officer owned 118,158 shares of the company’s stock, valued at approximately $44,813,784.66. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Aldo John Pagliari also recently made the following trade(s):

• On Thursday, May 14th, Aldo John Pagliari sold 5,713 shares of Snap-On stock. The shares were sold at an average price of $367.19, for a total transaction of $2,097,756.47.

Snap-On Price Performance

NYSE SNA opened at $378.95 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $19.63 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company has a 50 day moving average price of $372.35 and a two-hundred day moving average price of $365.18. Snap-On Incorporated has a 12-month low of $301.82 and a 12-month high of $400.88.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Snap-On had a net margin of 21.28% and a return on equity of 17.13%. Snap-On’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.51 earnings per share. As a group, equities analysts predict that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $2.44 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $9.76 dividend on an annualized basis and a yield of 2.6%. Snap-On’s payout ratio is 50.39%.

Snap-On announced that its board has initiated a share buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Snap-On

Several large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Snap-On in the 4th quarter worth about $25,000. DV Equities LLC bought a new position in shares of Snap-On in the fourth quarter worth about $25,000. GoalVest Advisory LLC bought a new position in shares of Snap-On in the fourth quarter worth about $28,000. Western Wealth Management LLC bought a new position in shares of Snap-On in the first quarter worth about $29,000. Finally, Montag A & Associates Inc. raised its stake in shares of Snap-On by 331.8% in the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Monday, April 20th. Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Roth Mkm reiterated a “buy” rating and issued a $431.00 target price on shares of Snap-On in a report on Friday, April 24th. Barclays assumed coverage on shares of Snap-On in a report on Thursday, May 28th. They issued an “overweight” rating and a $420.00 target price on the stock. Finally, Tigress Financial lifted their target price on shares of Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snap-On currently has an average rating of “Moderate Buy” and a consensus price target of $387.67.

Snap-On Company Profile

Snap?On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap?On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap?On has established a long history in the professional tools market.