Snap-On (NYSE:SNA) VP Jeanne M. Moreno sold 6,500 shares of Snap-On stock on the open market in a transaction dated Friday, February 28th. The shares were sold at an average price of $112.38, for a total value of $730,470.00. Following the sale, the vice president now directly owns 11,978 shares in the company, valued at approximately $1,346,088. The sale was disclosed in a filing with the SEC, which is available at this link.
Snap-On (NYSE:SNA) traded down 0.55% on Monday, hitting $111.55. 376,187 shares of the company’s stock traded hands. Snap-On has a 52-week low of $77.58 and a 52-week high of $112.61. The stock has a 50-day moving average of $105.8 and a 200-day moving average of $102.9. The company has a market cap of $6.484 billion and a price-to-earnings ratio of 18.92.
Snap-On (NYSE:SNA) last released its earnings data on Thursday, February 6th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.56 by $0.04. The company had revenue of $797.50 million for the quarter, compared to the consensus estimate of $779.57 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Snap-On will post $6.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Monday, February 24th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, February 20th.
SNA has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Snap-On in a research note on Friday. They now have a $117.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Snap-On from $118.00 to $125.00 in a research note on Friday, February 7th.
Snap-on Incorporated (NYSE:SNA) is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users.
This article (Snap-On VP Unloads $730,470 in Stock (SNA)) was originally developed by and is property of American Banking News.
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