Snap-on Incorporated (NYSE:SNA) – Equities researchers at Barrington Research issued their FY2019 EPS estimates for shares of Snap-on in a research note issued on Thursday. Barrington Research analyst G. Prestopino forecasts that the company will post earnings of $11.95 per share for the year. Barrington Research has a “Outperform” rating and a $185.00 price objective on the stock.

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

Other research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Snap-on in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a report on Wednesday. Robert W. Baird dropped their target price on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Oppenheimer reaffirmed a “buy” rating and issued a $177.00 target price on shares of Snap-on in a report on Thursday, October 19th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $175.00 target price on shares of Snap-on in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Snap-on presently has a consensus rating of “Buy” and a consensus price target of $192.00.

Shares of Snap-on (SNA) traded up $0.90 during trading on Monday, reaching $158.54. 286,413 shares of the company traded hands, compared to its average volume of 725,816. The company has a market cap of $9,078.40, a P/E ratio of 16.57, a P/E/G ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24. Snap-on has a one year low of $140.83 and a one year high of $185.47.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in shares of Snap-on by 0.9% during the 4th quarter. Guggenheim Capital LLC now owns 254,590 shares of the company’s stock valued at $44,374,000 after buying an additional 2,178 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Snap-on during the 4th quarter valued at about $11,980,000. Brandywine Global Investment Management LLC raised its position in shares of Snap-on by 2.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 52,130 shares of the company’s stock valued at $9,087,000 after buying an additional 1,440 shares in the last quarter. Advisor Group Inc. raised its position in shares of Snap-on by 27.4% during the 4th quarter. Advisor Group Inc. now owns 8,488 shares of the company’s stock valued at $1,481,000 after buying an additional 1,823 shares in the last quarter. Finally, Ariel Investments LLC raised its position in shares of Snap-on by 1.7% during the 4th quarter. Ariel Investments LLC now owns 776,792 shares of the company’s stock valued at $135,395,000 after buying an additional 12,758 shares in the last quarter. Hedge funds and other institutional investors own 99.00% of the company’s stock.

In other Snap-on news, SVP Anup R. Banerjee sold 2,091 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.11, for a total value of $334,790.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.60, for a total transaction of $62,152.20. Following the completion of the sale, the director now owns 8,376 shares in the company, valued at approximately $1,345,185.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,838 shares of company stock worth $7,616,330. Corporate insiders own 3.70% of the company’s stock.

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Snap-on Company Profile

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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