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Snap-On stock hits 52‑week high as earnings beat and insider sells shares
Snap-On Inc. shares rose to a new 52‑week high of $420.17, trading near that level after the company reported quarterly earnings of $4.96 per share, just above analysts’ consensus estimate of $4.95. Revenue for the quarter was $1.24 billion, a 4.7% increase year‑over‑year, and the firm posted a net margin of 21.25%.
Analysts have issued buy ratings and price targets ranging from $418 to $461. The board approved a $500 million share‑repurchase program on April 30, allowing up to 2.5% of outstanding shares to be bought back. Snap-On also declared a quarterly dividend that was paid on June 10.
Senior Vice President Timothy Chambers sold 389 shares on July 17 for a total of $163,158.27, reducing his personal holding to 21,223 shares valued at about $8.9 million.
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What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Snap-On reported earnings per share of $4.96 for the quarter, beating the consensus estimate of $4.95.
- [○ 1 SOURCE] Analysts set Snap-On price targets ranging from $418 to $461.
- [● 2 SOURCES] Snap-On shares reached a new 52‑week high of $420.17.
- [● 2 SOURCES] Snap-On has a market capitalization of approximately $21.6 billion.
- [○ 1 SOURCE] Snap-On's board approved a $500 million share repurchase plan on April 30.
- [○ 1 SOURCE] Senior Vice President Timothy Chambers sold 389 shares for $163,158.27 on July 17, reducing his holdings to 21,223 shares.
- [● 2 SOURCES] Snap-On quarterly revenue was $1.24 billion, up 4.7% year‑over‑year.
- [○ 1 SOURCE] Snap-On declared a quarterly dividend that was paid on June 10.