Several brokerages have updated their recommendations and price targets on shares of Snap-on (NYSE: SNA) in the last few weeks:
- 10/22/2024 – Snap-on had its price target raised by analysts at Roth Mkm from $324.00 to $365.00. They now have a “buy” rating on the stock.
- 10/18/2024 – Snap-on had its price target raised by analysts at Bank of America Co. from $255.00 to $280.00. They now have an “underperform” rating on the stock.
- 10/18/2024 – Snap-on had its price target raised by analysts at Robert W. Baird from $290.00 to $347.00. They now have a “neutral” rating on the stock.
- 10/17/2024 – Snap-on had its price target raised by analysts at Barrington Research from $325.00 to $350.00. They now have an “outperform” rating on the stock.
- 9/20/2024 – Snap-on had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $325.00 price target on the stock.
Snap-on Stock Performance
SNA traded up $1.01 during trading on Thursday, hitting $326.25. The company’s stock had a trading volume of 48,079 shares, compared to its average volume of 302,428. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a one year low of $249.84 and a one year high of $330.51. The firm has a market cap of $17.13 billion, a PE ratio of 16.79, a P/E/G ratio of 2.14 and a beta of 0.98. The business’s 50 day simple moving average is $287.40 and its 200-day simple moving average is $277.35.
Snap-on Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a $1.86 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $7.44 annualized dividend and a yield of 2.28%. Snap-on’s payout ratio is presently 38.29%.
Insiders Place Their Bets
Institutional Trading of Snap-on
Several institutional investors and hedge funds have recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in Snap-on by 0.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 27,287 shares of the company’s stock valued at $7,905,000 after acquiring an additional 81 shares during the last quarter. Covenant Partners LLC increased its holdings in Snap-on by 1.3% in the 3rd quarter. Covenant Partners LLC now owns 5,323 shares of the company’s stock valued at $1,542,000 after acquiring an additional 69 shares during the last quarter. Forsta AP Fonden increased its holdings in Snap-on by 35.3% in the 3rd quarter. Forsta AP Fonden now owns 29,500 shares of the company’s stock valued at $8,546,000 after acquiring an additional 7,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Snap-on by 14.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,252 shares of the company’s stock valued at $10,459,000 after acquiring an additional 4,611 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in Snap-on by 3.1% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,074 shares of the company’s stock valued at $311,000 after acquiring an additional 32 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.
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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