Analysts See $2.84 EPS for Snap-on Incorporated (SNA)

September 25, 2018 - By Palma Niemeyer

Snap-on Incorporated (NYSE:SNA) LogoInvestors sentiment decreased to 1.01 in 2018 Q2. Its down 0.09, from 1.1 in 2018Q1. It worsened, as 43 investors sold Snap-on Incorporated shares while 175 reduced holdings. 63 funds opened positions while 157 raised stakes. 67.51 million shares or 1.21% more from 66.71 million shares in 2018Q1 were reported.
Alabama-based Andra Ap has invested 0.12% in Snap-on Incorporated (NYSE:SNA). Department Mb Bancorporation N A holds 0.03% or 1,621 shares in its portfolio. Aqr Ltd Co invested in 0.11% or 663,873 shares. Bryn Mawr stated it has 0.02% in Snap-on Incorporated (NYSE:SNA). Cannell Peter B has invested 0.01% of its portfolio in Snap-on Incorporated (NYSE:SNA). Fort L P invested in 0.02% or 599 shares. Harbour Inv Ltd Liability Corporation owns 15,475 shares or 1.95% of their US portfolio. Moreover, Wellington Shields Capital Management Ltd Liability has 0.54% invested in Snap-on Incorporated (NYSE:SNA). Manchester Capital Mgmt Lc has 0.01% invested in Snap-on Incorporated (NYSE:SNA) for 597 shares. Azimuth Mgmt Ltd Liability has invested 0.13% in Snap-on Incorporated (NYSE:SNA). 179,265 are held by Gotham Asset Management Limited Co. Ls Investment Ltd Liability Corporation reported 0.03% stake. Plante Moran Financial Advsr Lc invested in 0.01% or 166 shares. Pictet Asset Management Limited reported 75,364 shares or 0.03% of all its holdings. Huntington Savings Bank holds 5,010 shares or 0.01% of its portfolio.

Since June 5, 2018, it had 0 buys, and 5 sales for $19.35 million activity. Pagliari Aldo John sold $1.15M worth of stock or 6,480 shares. 21,921 shares were sold by PINCHUK NICHOLAS T, worth $3.46 million. The insider Ward Thomas J sold $6.44 million. Banerjee Anup R also sold $6.11M worth of Snap-on Incorporated (NYSE:SNA) on Thursday, July 19.

Analysts expect Snap-on Incorporated (NYSE:SNA) to report $2.84 EPS on October, 18.They anticipate $0.39 EPS change or 15.92 % from last quarter’s $2.45 EPS. SNA’s profit would be $160.18 million giving it 16.36 P/E if the $2.84 EPS is correct. After having $3.11 EPS previously, Snap-on Incorporated’s analysts see -8.68 % EPS growth. The stock decreased 1.38% or $2.6 during the last trading session, reaching $185.86. About 419,025 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 24.81% since September 25, 2017 and is uptrending. It has outperformed by 9.19% the S&P500.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Among 3 analysts covering Snap-on (NYSE:SNA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Snap-on had 5 analyst reports since April 11, 2018 according to SRatingsIntel. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, June 26 by Robert W. Baird. Jefferies maintained the stock with “Hold” rating in Wednesday, April 18 report. On Wednesday, April 11 the stock rating was maintained by Robert W. Baird with “Buy”. As per Monday, April 23, the company rating was maintained by Northcoast. Robert W. Baird maintained it with “Buy” rating and $21000 target in Thursday, April 19 report.

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 $10.48 billion. The firm operates in Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services divisions. It has a 17.77 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 Investorplace.com which published an article titled: “Is Snap-On an Ideal Dividend Growth Stock? 3 Pros, 3 Cons” on September 13, 2018.

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

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