Aldo John Pagliari Sells 6,860 Shares of Snap-on Incorporated (NYSE:SNA) Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $347.62, for a total transaction of $2,401,706.58.

Snap-on Stock Down 0.8 %

Shares of NYSE SNA opened at $335.87 on Friday. The firm’s 50-day simple moving average is $343.79 and its 200 day simple moving average is $323.56. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89.

Snap-on (NYSE:SNA) last issued 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 net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the business posted $4.75 EPS. On average, research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.55%. Snap-on’s dividend payout ratio (DPR) is 43.90%.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on has an average rating of “Hold” and an average target price of $345.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNA. Mackenzie Financial Corp raised its holdings in Snap-on by 40.3% during the 4th quarter. Mackenzie Financial Corp now owns 6,119 shares of the company’s stock worth $2,077,000 after purchasing an additional 1,758 shares during the last quarter. Peak Retirement Planning Inc. bought a new stake in Snap-on during the 4th quarter worth about $782,000. Toronto Dominion Bank raised its holdings in Snap-on by 4.3% during the 4th quarter. Toronto Dominion Bank now owns 18,426 shares of the company’s stock worth $6,255,000 after purchasing an additional 761 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in Snap-on during the 4th quarter worth about $1,674,000. Finally, Orion Capital Management LLC bought a new stake in Snap-on during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Company Profile

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.