B. Riley reaffirmed their buy rating on shares of Snap-on (NYSE:SNA) in a report issued on Thursday, January 4th. B. Riley currently has a $205.00 price objective on the stock.

A number of other research firms have also recently issued reports on SNA. Zacks Investment Research upgraded shares of Snap-on from a hold rating to a buy rating and set a $193.00 target price for the company in a research note on Wednesday, December 20th. Oppenheimer restated a buy rating and issued a $177.00 price objective on shares of Snap-on in a research note on Thursday, October 19th. FBR & Co restated a buy rating and issued a $205.00 price objective on shares of Snap-on in a research note on Thursday, October 19th. Jefferies Group restated a hold rating and issued a $175.00 price objective on shares of Snap-on in a research note on Friday, November 3rd. Finally, Barrington Research upgraded shares of Snap-on from a market perform rating to an outperform rating and set a $185.00 price objective for the company in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Snap-on currently has a consensus rating of Buy and a consensus price target of $197.56.

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Shares of Snap-on (SNA) opened at $177.91 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. The company has a market cap of $10,140.00, a P/E ratio of 18.28, a P/E/G ratio of 1.39 and a beta of 1.14. Snap-on has a fifty-two week low of $140.83 and a fifty-two week high of $185.47.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Snap-on by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,634,205 shares of the company’s stock worth $890,204,000 after buying an additional 151,800 shares in the last quarter. BlackRock Inc. lifted its position in Snap-on by 0.8% during the 2nd quarter. BlackRock Inc. now owns 3,665,849 shares of the company’s stock worth $579,203,000 after buying an additional 27,641 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Snap-on by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock worth $488,847,000 after buying an additional 270,905 shares in the last quarter. Schroder Investment Management Group lifted its position in Snap-on by 13.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,284,391 shares of the company’s stock worth $189,306,000 after buying an additional 148,037 shares in the last quarter. Finally, Koch Industries Inc. lifted its position in Snap-on by 64,484.7% during the 2nd quarter. Koch Industries Inc. now owns 917,748 shares of the company’s stock worth $912,000 after buying an additional 916,327 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Snap-on (NYSE:SNA)

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