Snap-on Incorporated (NYSE:SNA) showcases financial fortitude in varied news. With
debt used sensibly, the
stock appears attractive at a P/E of 17.16X. However, its stake gets trimmed by
Confluence Investment Management LLC. Notably, the company announced a
15.1% dividend hike, stretching its payment streak to 85 years. With
stock reaching an all-time high of $348.17, investors are urged to check it out before it goes ex-dividend. Despite reporting
below analyst estimates in Q3 earnings, the
stock trades up. Snap-on’s
Q3 earnings surpass estimates and announced a new share repurchase authorization worth $500 million. Recently, Snap-on’s
CFO sold substantial shares of his stock. Additionally, Snap-on's
VP sold shares worth $986,884. However, performance-wise, Snap-on’s stock has bettered its underlying
earnings growth over last five years.
Investment in Snap-on five years ago would have led to a substantial gain. Despite recent corrections, it remains a good buy. The CFO selling a huge quantity of shares possibly indicates a potential weakness.
Snap-on Incorporated SNA News Analytics from Fri, 02 Oct 2020 07:40:20 GMT to Thu, 02 Jan 2025 16:43:44 GMT -
Rating 5
- Innovation 0
- Rumor -9
