Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $4.70 EPS for the quarter, beating analysts' consensus estimates of $4.58 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. As a group, equities research analysts expect that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.43%. This is a boost from Snap-on's previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. Snap-on's dividend payout ratio (DPR) is currently 44.06%.
In related news, VP Iain Boyd sold 6,044 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total value of $1,807,095.56. Following the completion of the transaction, the vice president now owns 10,493 shares in the company, valued at $3,137,302.07. The trade was a 36.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,814 shares of company stock worth $15,627,963. 4.10% of the stock is currently owned by insiders.
Several research firms have commented on SNA. Tigress Financial upped their price target on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barrington Research upped their target price on Snap-on from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Roth Mkm lifted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Bank of America boosted their price target on shares of Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a report on Friday, October 18th. Finally, Robert W. Baird raised their price objective on shares of Snap-on from $290.00 to $347.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Snap-on has an average rating of "Hold" and an average target price of $345.40.
Get Our Latest Research Report on SNA
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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