Snap-on Incorporated (NYSE:SNA) VP Sells $835,135.00 in Stock

Snap-on Incorporated (NYSE:SNAGet Rating) VP Iain Boyd sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $238.61, for a total value of $835,135.00. Following the transaction, the vice president now owns 6,244 shares in the company, valued at approximately $1,489,880.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Snap-on Stock Up 0.6 %

Snap-on stock opened at $241.17 on Friday. Snap-on Incorporated has a twelve month low of $190.08 and a twelve month high of $242.21. The stock has a 50 day moving average of $219.09 and a two-hundred day moving average of $215.85. The company has a current ratio of 3.29, a quick ratio of 2.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.10 and a beta of 1.09.

Snap-on (NYSE:SNAGet Rating) last posted its quarterly earnings data on Thursday, October 20th. The company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.29. Snap-on had a return on equity of 20.84% and a net margin of 20.17%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $3.57 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts expect that Snap-on Incorporated will post 16.49 earnings per share for the current year.

Snap-on Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 21st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 2.69%. This is a boost from Snap-on’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, November 18th. Snap-on’s dividend payout ratio (DPR) is presently 39.25%.

Analyst Ratings Changes

Separately, began coverage on Snap-on in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Institutional Trading of Snap-on

Several hedge funds have recently modified their holdings of SNA. Daiwa Securities Group Inc. lifted its holdings in shares of Snap-on by 5.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,194 shares of the company’s stock valued at $656,000 after buying an additional 175 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Snap-on in the 1st quarter valued at approximately $395,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Snap-on by 20.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,508 shares of the company’s stock valued at $1,337,000 after buying an additional 1,093 shares during the period. CapWealth Advisors LLC lifted its holdings in shares of Snap-on by 0.9% in the 1st quarter. CapWealth Advisors LLC now owns 43,218 shares of the company’s stock valued at $8,880,000 after buying an additional 377 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of Snap-on by 25.3% in the 1st quarter. CENTRAL TRUST Co now owns 610 shares of the company’s stock valued at $125,000 after buying an additional 123 shares during the period. 87.31% of the stock is owned by institutional investors and hedge funds.

About Snap-on

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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.

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