Snap-on Receives a Buy from Oppenheimer

By Jason Carr

Oppenheimer analyst Christopher Glynn reiterated a Buy rating on Snap-on (NYSE: SNA) today. The company’s shares closed yesterday at $163.77.

According to TipRanks.com, Glynn is a top 25 analyst with an average return of 14.6% and a 73.1% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation Inc.

Snap-on has an analyst consensus of Moderate Buy, with a price target consensus of $210.

Snap-on’s market cap is currently $9.35B and has a P/E ratio of 17.78. The company has a book value ratio of 3.6262.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Last month, Jeanne Moreno, the VP & CIO of SNA sold 2,200 shares for a total of $372,234.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Snap-On, Inc. engages in the development, manufacture, and market of tools, equipment, diagnostics, repair information and systems solutions for professional users. It operates its business through following segments: Commercial and Industrial Group; Snap-On Tools Group; Repair Systems and Information Group; and Financial Services. The Commercial and Industrial Group segment refers to a range of industrial and commercial customers worldwide, primarily through direct and distributor channels. The Snap-On Tools Group segment provides vehicle service and repair technicians through the company’s worldwide mobile tool distribution channel. The Repair System and Information Group segment serves other professionals vehicle repair customers worldwide, primarily owners and managers of independent repair shops and OEM dealerships through direct and distributor channels. The Financial Services segment consists of the business operations of Snap-On Credit LLC, the company’s financial services business in the United States, and Snap-On’s other financial services subsidiaries in those international markets where Snap-On has franchise operations. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.