Snap-on Incorporated (SNA) Director William Dudley Lehman Sells 387 Shares

Snap-on Incorporated (NYSE:SNA) Director William Dudley Lehman sold 387 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $160.60, for a total value of $62,152.20. Following the completion of the sale, the director now directly owns 8,376 shares of the company’s stock, valued at $1,345,185.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Snap-on Incorporated (SNA) opened at $159.25 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9,080.00, a P/E ratio of 16.75, a P/E/G ratio of 1.21 and a beta of 1.09. Snap-on Incorporated has a 52-week low of $140.83 and a 52-week high of $185.47.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. Snap-on’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $2.47 earnings per share. research analysts anticipate that Snap-on Incorporated will post 10.93 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SNA. Amica Retiree Medical Trust bought a new position in Snap-on during the third quarter valued at $165,000. Glenview State Bank Trust DEPT. bought a new position in Snap-on during the fourth quarter valued at $206,000. Conning Inc. bought a new position in Snap-on during the fourth quarter valued at $230,000. Ameritas Investment Partners Inc. grew its holdings in Snap-on by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock valued at $222,000 after purchasing an additional 23 shares during the period. Finally, Jacobi Capital Management LLC bought a new position in Snap-on during the third quarter valued at $215,000. 99.00% of the stock is owned by institutional investors.

Several analysts have recently commented on the company. B. Riley reissued a “buy” rating on shares of Snap-on in a research note on Wednesday, November 1st. Barrington Research raised Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research report on Monday, October 23rd. Oppenheimer reaffirmed a “buy” rating and set a $177.00 price target on shares of Snap-on in a research report on Thursday, October 19th. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a research report on Wednesday, December 20th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $175.00 price target on shares of Snap-on in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $195.50.

TRADEMARK VIOLATION WARNING: This story was posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.com-unik.info/2018/02/13/snap-on-incorporated-sna-director-william-dudley-lehman-sells-387-shares.html.

About Snap-on

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

Insider Buying and Selling by Quarter for Snap-on (NYSE:SNA)

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit