Dividend Growth of Snap-On Incorporated(SNA)

Snap-On Incorporated(SNA) is having a Dividend Yield of 1.62% with the Annual cash Dividend per share of $2.54. The last quarter cash dividend per share pay out was $0.71. Snap-On Incorporated has a 5 year average dividend yield of 1.65% and the stock has a Indicated annual dividend of $2.84. Snap-On Incorporated(SNA) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.71. The new indicated annual dividend based on announced dividend per share is $2.84. The dividend yield based on the forward looking indicated annual dividend is 1.62%. Snap-On Incorporated(SNA) has the most recent dividend payout ratio of 0.31 with a 5-year average payout ratio of 0.28. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Snap-On Incorporated(SNA) is at the rate of 16.53% while the R-Squared dividend growth is 0.96. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Snap-On Incorporated (NYSE:SNA) witnessed a decline in the market cap on Thursday as its shares dropped 1.16% or 2.04 points. After the session commenced at $175.73, the stock reached the higher end at $175.97 while it hit a low of $172.35. With the volume soaring to 585,933 shares, the last trade was called at $173.31. The company has a 52-week high of $181.73. The company has a market cap of $10,047 million and there are 57,970,318 shares in outstanding. The 52-week low of the share price is $140.91. Shares of Snap-on Incorporated appreciated by 2.73% during the last five trading days but lost 1.08% on a 4-week basis. Snap-on Incorporated is up 3.28% in the last 3-month period. Year-to-Date the stock performance stands at 1.19%.

Currently the company Insiders own 3.4% of Snap-On Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -80.1% . Institutional Investors own 88.03% of Snap-On Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -35.1%. Company has reported several Insider transactions to the SEC, on Feb 13, 2017, William Dudley Lehman (director) sold 412 shares at 171.88 per share price.On Feb 13, 2017, Irwin M Shur (VP, Gen Counsel & Secretary) sold 250 shares at 171.85 per share price.On Jan 4, 2017, Aldo John Pagliari (Sr VP – Finance & CFO) sold 1,700 shares at 171.42 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wunderlich on Feb 3, 2017 to Buy, Raises Price Target to $ 205 from a previous price target of $190 .

Snap-on Incorporated Last issued its quarterly earnings results on Feb 2, 2017. The company reported $2.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $2.42. The company had revenue of $889.80 million for the quarter, compared to analysts expectations of $885.53 million. The companys revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 EPS.

Snap-On Incorporated is engaged in the business of providing productivity-enhancing, innovative products, services and solutions. Snap-on is a global developer, manufacturer and marketer of professional tools, diagnostics equipment and related services marketed in numerous countries. Snap-on offers a wide range of capabilities and solutions for professional tool users in vehicle service, industrial and other commercial applications worldwide.


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