Insider Selling: Snap-on Incorporated (NYSE:SNA) CFO Sells 6,860 Shares of Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aldo John Pagliari also recently made the following trade(s):

• On Wednesday, December 18th, Aldo John Pagliari sold 6,909 shares of Snap-on stock. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58.

Snap-on Stock Down 0.8 %

Shares of NYSE:SNA opened at $335.87 on Monday. The business’s 50 day simple moving average is $343.79 and its two-hundred day simple moving average is $323.95. The firm has a market cap of $17.60 billion, a P/E ratio of 17.22, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period last year, the company earned $4.75 EPS. As a group, research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a $2.14 dividend. The ex-dividend date is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. Snap-on’s dividend payout ratio is presently 43.90%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Aurora Investment Counsel lifted its holdings in shares of Snap-on by 0.9% in the third quarter. Aurora Investment Counsel now owns 3,549 shares of the company’s stock valued at $1,028,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Snap-on by 3.1% in the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock valued at $344,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Snap-on by 4.5% in the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock valued at $247,000 after purchasing an additional 31 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in shares of Snap-on by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock valued at $2,412,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $345.40.

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 & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.