Snap-On (NYSE:SNA) CFO Aldo John Pagliari Sells 5,531 Shares

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 5,531 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $404.25, for a total value of $2,235,906.75. Following the transaction, the chief financial officer owned 120,644 shares in the company, valued at $48,770,337. The trade was a 4.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 4th, Aldo John Pagliari sold 1,330 shares of Snap-On stock. The shares were sold at an average price of $379.27, for a total transaction of $504,429.10.

Snap-On Stock Performance

Shares of SNA stock traded down $3.87 on Thursday, hitting $404.57. The company’s stock had a trading volume of 203,763 shares, compared to its average volume of 371,059. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.64 and a current ratio of 3.43. The stock’s 50 day moving average is $401.18 and its 200-day moving average is $383.23. Snap-On Incorporated has a fifty-two week low of $319.20 and a fifty-two week high of $423.02. The company has a market capitalization of $20.93 billion, a PE ratio of 20.63, a PEG ratio of 2.90 and a beta of 0.73.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.95 by $0.01. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $4.72 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 19th. Snap-On’s payout ratio is 49.77%.

Snap-On announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Tigress Financial lifted their price objective on Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a report on Friday, July 31st. Roth Capital restated a “buy” rating and issued a $461.00 price target (up from $409.00) on shares of Snap-On in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Friday, July 17th. Barclays assumed coverage on shares of Snap-On in a research report on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective for the company. Finally, Robert W. Baird set a $415.00 target price on shares of Snap-On in a report on Friday, July 24th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Snap-On presently has a consensus rating of “Moderate Buy” and an average target price of $426.20.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. DV Equities LLC acquired a new stake in shares of Snap-On during the 4th quarter valued at $25,000. Western Wealth Management LLC acquired a new position in Snap-On in the 1st quarter worth about $29,000. Montag A & Associates Inc. increased its holdings in Snap-On by 331.8% in the 4th quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Quattro Advisors LLC bought a new position in Snap-On in the fourth quarter valued at about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Snap-On by 36.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock valued at $36,000 after purchasing an additional 28 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

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.