Snap-on Incorporated (NYSE:SNA) Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 of the company’s stock, valued at approximately $1,345,185.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Snap-on Incorporated (NYSE SNA) opened at $157.64 on Wednesday. The firm has a market capitalization of $8,990.00, a PE ratio of 16.58, a PEG ratio of 1.21 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 Incorporated has a one year low of $140.83 and a one year high of $185.47.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.03. The firm had revenue of $974.60 million during the quarter, compared to analyst estimates of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share. research analysts forecast that Snap-on Incorporated will post 10.93 EPS for the current year.

SNA has been the subject of several recent research reports. Zacks Investment Research lowered Snap-on from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. FBR & Co reissued a “buy” rating and set a $205.00 price target on shares of Snap-on in a report on Thursday, October 19th. Oppenheimer reissued a “buy” rating and set a $177.00 price target on shares of Snap-on in a report on Thursday, October 19th. Barrington Research raised Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a report on Monday, October 23rd. Finally, Jefferies Group reissued a “hold” rating and set a $175.00 price target on shares of Snap-on in a report on Friday, November 3rd. One equities research 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 an average rating of “Buy” and an average price target of $195.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Snap-on by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock worth $488,847,000 after acquiring an additional 270,905 shares during the period. Schroder Investment Management Group boosted its stake in shares of Snap-on by 13.0% in the third quarter. Schroder Investment Management Group now owns 1,284,391 shares of the company’s stock worth $189,306,000 after acquiring an additional 148,037 shares during the period. Bessemer Group Inc. boosted its stake in shares of Snap-on by 7.9% in the fourth quarter. Bessemer Group Inc. now owns 933,862 shares of the company’s stock worth $162,774,000 after acquiring an additional 68,432 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Snap-on by 30.7% in the third quarter. Principal Financial Group Inc. now owns 849,256 shares of the company’s stock worth $126,547,000 after acquiring an additional 199,647 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Snap-on by 14.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 792,225 shares of the company’s stock worth $138,086,000 after acquiring an additional 97,613 shares during the period. 99.00% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Snap-on (NYSE:SNA)

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