News headlines about Snap-on (NYSE:SNA) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Snap-on earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.4330882719143 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Snap-on (SNA) traded up $1.17 during midday trading on Wednesday, reaching $153.11. The company had a trading volume of 122,297 shares, compared to its average volume of 724,175. Snap-on has a 1 year low of $140.83 and a 1 year high of $185.47. 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 firm has a market cap of $8,591.54, a P/E ratio of 15.96, a P/E/G ratio of 1.28 and a beta of 1.12.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. research analysts predict that Snap-on will post 11.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, March 1st. Snap-on’s dividend payout ratio (DPR) is 34.45%.

Several analysts have recently weighed in on the company. Robert W. Baird decreased their target price on Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. B. Riley set a $205.00 price objective on Snap-on and gave the company a “buy” rating in a report on Thursday, February 8th. Barrington Research reiterated a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. Finally, Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $206.00 price target on the stock in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Snap-on currently has an average rating of “Buy” and a consensus target price of $192.00.

In other Snap-on news, SVP Thomas L. Kassouf sold 96,000 shares of Snap-on stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $160.40, for a total value of $15,398,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Dudley Lehman sold 387 shares of Snap-on stock in a transaction that occurred on Monday, February 12th. The shares were 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 owns 8,376 shares in the company, valued at $1,345,185.60. The disclosure for this sale can be found here. Insiders sold a total of 146,355 shares of company stock worth $24,058,960 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

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Snap-on Company Profile

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)

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