Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari Sells 4,731 Shares

Snap-On Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 4,731 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $327.38, for a total value of $1,548,834.78. Following the transaction, the chief financial officer owned 111,667 shares in the company, valued at approximately $36,557,542.46. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 15th, Aldo John Pagliari sold 125 shares of Snap-On stock. The stock was sold at an average price of $325.21, for a total value of $40,651.25.

Snap-On Trading Up 0.4%

Shares of SNA opened at $326.04 on Friday. The company has a market capitalization of $17.01 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.27 and a beta of 0.76. Snap-On Incorporated has a one year low of $268.90 and a one year high of $373.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.42 and a current ratio of 4.48. The stock has a 50-day moving average price of $319.58 and a 200 day moving average price of $325.12.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.11. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. Snap-On’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.07 earnings per share. Sell-side analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $2.14 per share. The ex-dividend date is Tuesday, August 19th. This represents a $8.56 annualized dividend and a yield of 2.6%. Snap-On’s dividend payout ratio is presently 45.65%.

Institutional Trading of Snap-On

Several institutional investors and hedge funds have recently bought and sold shares of SNA. Mariner LLC raised its stake in Snap-On by 4.3% during the fourth quarter. Mariner LLC now owns 29,409 shares of the company’s stock valued at $9,984,000 after buying an additional 1,219 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Snap-On by 1.3% during the fourth quarter. CreativeOne Wealth LLC now owns 3,073 shares of the company’s stock valued at $1,043,000 after buying an additional 40 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Snap-On during the fourth quarter valued at approximately $265,000. Jump Financial LLC acquired a new stake in Snap-On during the fourth quarter valued at approximately $401,000. Finally, NewEdge Advisors LLC raised its stake in Snap-On by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 6,016 shares of the company’s stock valued at $2,043,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a research report on Friday, July 18th. Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a research report on Tuesday, July 15th. Finally, Robert W. Baird upped their target price on Snap-On from $329.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Snap-On has a consensus rating of “Moderate Buy” and a consensus target price of $356.17.

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.