Snap-on Incorporated (NYSE:SNA) – Research analysts at Barrington Research boosted their Q1 2018 earnings per share estimates for Snap-on in a research report issued on Monday. Barrington Research analyst G. Prestopino now anticipates that the company will earn $2.75 per share for the quarter, up from their prior estimate of $2.59. Barrington Research currently has a “Outperform” rating and a $185.00 target price on the stock. Barrington Research also issued estimates for Snap-on’s Q2 2018 earnings at $2.98 EPS, Q3 2018 earnings at $2.81 EPS, Q4 2018 earnings at $2.69 EPS, FY2018 earnings at $11.24 EPS, Q1 2019 earnings at $3.01 EPS, Q2 2019 earnings at $3.25 EPS, Q3 2019 earnings at $2.97 EPS and FY2019 earnings at $12.17 EPS.

Several other brokerages have also weighed in on SNA. Zacks Investment Research lowered Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. FBR & Co restated a “buy” rating and issued a $205.00 price target on shares of Snap-on in a research note on Thursday, October 19th. B. Riley restated a “buy” rating and issued a $205.00 price target on shares of Snap-on in a research note on Thursday, January 4th. Robert W. Baird restated a “buy” rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group restated a “hold” rating and issued a $175.00 price target on shares of Snap-on in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $195.50.

Snap-on (NYSE SNA) opened at $159.25 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. Snap-on has a 52 week low of $140.83 and a 52 week high of $185.47. The firm has a market capitalization of $9,053.31, a PE ratio of 15.68, a P/E/G ratio of 1.21 and a beta of 1.09.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.03. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm had revenue of $974.60 million during the quarter, compared to analyst estimates of $940.50 million. During the same quarter in the previous year, the business earned $2.47 EPS. Snap-on’s revenue for the quarter was up 9.5% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of the stock. Carnegie Capital Asset Management LLC boosted its holdings in Snap-on by 726.8% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 17,610 shares of the company’s stock worth $3,011,000 after buying an additional 15,480 shares during the last quarter. Financial Counselors Inc. acquired a new stake in Snap-on in the 4th quarter worth about $915,000. Carillon Tower Advisers Inc. acquired a new stake in Snap-on in the 4th quarter worth about $5,166,000. SVA Plumb Wealth Management LLC acquired a new stake in Snap-on in the 4th quarter worth about $3,156,000. Finally, Standard Life Aberdeen plc boosted its holdings in Snap-on by 38.9% in the 4th quarter. Standard Life Aberdeen plc now owns 144,808 shares of the company’s stock worth $25,240,000 after buying an additional 40,547 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.

In related news, Director William Dudley Lehman sold 387 shares of Snap-on stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $160.60, for a total value of $62,152.20. Following the sale, the director now directly owns 8,376 shares in the company, valued at approximately $1,345,185.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of Snap-on stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,838 shares of company stock worth $7,616,330. 3.70% of the stock is currently owned by insiders.

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About Snap-on

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

Earnings History and Estimates for Snap-on (NYSE:SNA)

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