Analysts See $2.96 EPS for Snap-on Incorporated (SNA)

June 19, 2018 - By Peter Erickson

Snap-on Incorporated (NYSE:SNA) LogoInvestors sentiment increased to 1.1 in Q1 2018. Its up 0.03, from 1.07 in 2017Q4. It improved, as 45 investors sold Snap-on Incorporated shares while 167 reduced holdings. 63 funds opened positions while 171 raised stakes. 66.71 million shares or 3.35% less from 69.02 million shares in 2017Q4 were reported.
State Of Alaska Department Of Revenue reported 0.06% stake. Comml Bank Of Montreal Can owns 0.06% invested in Snap-on Incorporated (NYSE:SNA) for 441,929 shares. Farmers & Merchants invested in 167 shares. Orca Investment Mngmt Limited Liability holds 2.57% or 15,232 shares in its portfolio. Moreover, Shell Asset Com has 0.05% invested in Snap-on Incorporated (NYSE:SNA). Pzena Management, a New York-based fund reported 307,533 shares. Waddell & Reed Fincl stated it has 0.02% in Snap-on Incorporated (NYSE:SNA). Sei Invests has invested 0.02% in Snap-on Incorporated (NYSE:SNA). Tru Of Vermont holds 0.01% or 405 shares in its portfolio. Jlb And Assoc invested in 0.06% or 1,855 shares. Savings Bank Of Mellon Corp reported 0.02% in Snap-on Incorporated (NYSE:SNA). Ariel Invests Ltd Limited Liability Company holds 845,646 shares. Banced invested in 1.1% or 4,205 shares. Transamerica Advisors Inc holds 2,771 shares. Robecosam Ag stated it has 0.02% of its portfolio in Snap-on Incorporated (NYSE:SNA).

Since February 15, 2018, it had 0 insider purchases, and 5 selling transactions for $25.07 million activity. Ward Thomas J sold $6.44M worth of stock or 42,000 shares. KASSOUF THOMAS L. sold $15.40M worth of stock or 96,000 shares. 774 shares were sold by JONES NATHAN J, worth $125,750 on Thursday, February 15.

Analysts expect Snap-on Incorporated (NYSE:SNA) to report $2.96 EPS on July, 19.They anticipate $0.36 EPS change or 13.85 % from last quarter’s $2.6 EPS. SNA’s profit would be $167.52 million giving it 13.46 P/E if the $2.96 EPS is correct. After having $2.79 EPS previously, Snap-on Incorporated’s analysts see 6.09 % EPS growth. The stock decreased 1.14% or $1.83 during the last trading session, reaching $159.34. About 414,734 shares traded. Snap-on Incorporated (NYSE:SNA) has declined 5.60% since June 19, 2017 and is downtrending. It has underperformed by 18.17% the S&P500.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Among 4 analysts covering Snap-on (NYSE:SNA), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Snap-on had 8 analyst reports since January 4, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Monday, January 29 report. On Thursday, April 19 the stock rating was maintained by Robert W. Baird with “Buy”. Northcoast maintained the shares of SNA in report on Friday, February 9 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, April 18. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Robert W. Baird on Wednesday, April 11. The company was maintained on Thursday, February 8 by Robert W. Baird. Northcoast maintained Snap-on Incorporated (NYSE:SNA) rating on Monday, April 23. Northcoast has “Buy” rating and $17800 target.

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company has market cap of $9.02 billion. The firm operates in Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services divisions. It has a 16.02 P/E ratio. It offers hand tools, such as wrenches, sockets, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products, including tool chests, roll cabinets, and other products.

Another recent and important Snap-on Incorporated (NYSE:SNA) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Ducommun, Redfin, Hemisphere Media Group, General Electric, Snap …” on May 30, 2018.

Snap-on Incorporated (NYSE:SNA) Institutional Positions Chart

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