ValuEngine downgraded shares of Snap-on (NYSE:SNA) from a hold rating to a sell rating in a report published on Saturday morning, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the company. Barrington Research restated a buy rating and issued a $185.00 price target on shares of Snap-on in a report on Thursday, October 17th. Oppenheimer set a $180.00 price target on Snap-on and gave the stock a buy rating in a report on Friday, July 19th. Zacks Investment Research cut Snap-on from a hold rating to a sell rating and set a $166.00 price target on the stock. in a report on Tuesday, July 16th. Robert W. Baird restated a hold rating and issued a $169.00 price target on shares of Snap-on in a report on Friday, October 18th. Finally, Tigress Financial restated a buy rating on shares of Snap-on in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $173.60.

SNA opened at $162.64 on Friday. The stock has a market cap of $8.64 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.37 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $155.66 and its 200 day simple moving average is $157.95. Snap-on has a 1-year low of $135.29 and a 1-year high of $174.00.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, October 17th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.02. The business had revenue of $901.80 million for the quarter, compared to analysts’ expectations of $909.23 million. Snap-on had a return on equity of 21.16% and a net margin of 18.72%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 EPS. Research analysts expect that Snap-on will post 12.26 EPS for the current fiscal year.

In other Snap-on news, CEO Nicholas T. Pinchuk sold 19,675 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $155.46, for a total transaction of $3,058,675.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in SNA. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Snap-on during the second quarter worth $35,000. Motco acquired a new stake in shares of Snap-on during the second quarter worth $37,000. CSat Investment Advisory L.P. boosted its holdings in shares of Snap-on by 34.0% during the second quarter. CSat Investment Advisory L.P. now owns 280 shares of the company’s stock worth $47,000 after purchasing an additional 71 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Snap-on during the second quarter worth $87,000. Finally, Ossiam acquired a new stake in shares of Snap-on during the second quarter worth $111,000.

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 and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Analyst Recommendations for Snap-on (NYSE:SNA)

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