Analysts’ Recent Ratings Updates for Snap-on (SNA)

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

In other news, VP Richard Thomas Miller sold 1,750 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $330.00, for a total transaction of $577,500.00. Following the sale, the vice president now directly owns 3,218 shares in the company, valued at $1,061,940. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Richard Thomas Miller sold 1,750 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $330.00, for a total transaction of $577,500.00. Following the sale, the vice president now directly owns 3,218 shares in the company, valued at $1,061,940. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 24,145 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $268.95, for a total transaction of $6,493,797.75. Following the sale, the chief executive officer now owns 759,019 shares in the company, valued at $204,138,160.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,598 shares of company stock worth $10,461,986. Company insiders own 4.10% of the company’s stock.

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.