Several brokerages have updated their recommendations and price targets on shares of Snap-on (NYSE: SNA) in the last few weeks:
- 7/25/2024 – Snap-on had its “buy” rating reaffirmed by analysts at Tigress Financial. They now have a $336.00 price target on the stock.
- 7/16/2024 – Snap-on had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $325.00 price target on the stock.
- 7/16/2024 – Snap-on had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $324.00 price target on the stock.
- 7/12/2024 – Snap-on had its price target lowered by analysts at Robert W. Baird from $282.00 to $275.00. They now have a “neutral” rating on the stock.
Snap-on Price Performance
Shares of SNA stock opened at $285.24 on Wednesday. The stock’s fifty day simple moving average is $267.86 and its 200 day simple moving average is $277.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.06 and a quick ratio of 3.05. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.94 and a beta of 0.98. Snap-on Incorporated has a one year low of $249.84 and a one year high of $298.49.
Snap-on (NYSE:SNA – Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.94 by $0.13. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a return on equity of 19.90% and a net margin of 21.90%. Snap-on’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.89 EPS. On average, analysts expect that Snap-on Incorporated will post 18.97 earnings per share for the current fiscal year.
Insider Activity at Snap-on
Hedge Funds Weigh In On Snap-on
Institutional investors and hedge funds have recently bought and sold shares of the business. Bridgefront Capital LLC acquired a new position in Snap-on in the fourth quarter worth $1,119,000. Rockland Trust Co. acquired a new position in shares of Snap-on during the first quarter valued at $889,000. Goldman Sachs Group Inc. lifted its stake in shares of Snap-on by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 271,436 shares of the company’s stock valued at $78,401,000 after acquiring an additional 28,566 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Snap-on by 42.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,456 shares of the company’s stock valued at $7,641,000 after acquiring an additional 7,830 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Snap-on by 36.9% during the fourth quarter. Teacher Retirement System of Texas now owns 70,740 shares of the company’s stock valued at $20,433,000 after acquiring an additional 19,061 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.
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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