It’s been a crucial week for Snap-on Incorporated (NYSE:SNA); here’s what analysts have to say.

January 23, 2018 - By Stephen Andrade

 It's been a crucial week for Snap on Incorporated (NYSE:SNA); here's what analysts have to say.
Investors sentiment increased to 1.23 in Q3 2017. Its up 0.07, from 1.16 in 2017Q2. It increased, as 53 investors sold Snap-on Incorporated shares while 154 reduced holdings. 58 funds opened positions while 196 raised stakes. 54.39 million shares or 4.11% more from 52.24 million shares in 2017Q2 were reported.
Laurel Grove Ltd Company has 1.21% invested in Snap-on Incorporated (NYSE:SNA). Thompson Siegel And Walmsley Ltd Co reported 145 shares stake. Commerce Bancshares reported 3,670 shares. Kentucky Retirement Systems Insur Fund holds 0.04% or 1,532 shares. Commonwealth Financial Bank Of Aus holds 726 shares. Da Davidson & Co has invested 0.02% in Snap-on Incorporated (NYSE:SNA). Trust Com Of Vermont has 0% invested in Snap-on Incorporated (NYSE:SNA). Mu stated it has 0.02% in Snap-on Incorporated (NYSE:SNA). Lpl Ltd Liability holds 8,567 shares. Asset Inc has invested 0.03% of its portfolio in Snap-on Incorporated (NYSE:SNA). Dnb Asset As accumulated 0.07% or 34,781 shares. Kayne Anderson Rudnick Inv Mgmt Limited reported 476,556 shares. Bnp Paribas Asset Mgmt Holdings Sa stated it has 2,409 shares or 0% of all its holdings. Moreover, Wade G W & has 0.05% invested in Snap-on Incorporated (NYSE:SNA) for 2,666 shares. South Dakota Council owns 0.03% invested in Snap-on Incorporated (NYSE:SNA) for 8,700 shares.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Among 9 analysts covering Snap-on (NYSE:SNA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. CL King initiated the stock with “Buy” rating in Tuesday, June 28 report. The company was maintained on Tuesday, June 27 by Oppenheimer. Robert W. Baird maintained Snap-on Incorporated (NYSE:SNA) on Thursday, October 5 with “Buy” rating. The firm has “Outperform” rating by IBC given on Thursday, April 13. Jefferies maintained Snap-on Incorporated (NYSE:SNA) rating on Thursday, July 6. Jefferies has “Hold” rating and $17500 target. The stock of Snap-on Incorporated (NYSE:SNA) earned “Hold” rating by Jefferies on Tuesday, May 30. Barrington upgraded Snap-on Incorporated (NYSE:SNA) on Monday, October 23 to “Buy” rating. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, August 22 by Robert W. Baird. The firm earned “Hold” rating on Tuesday, August 15 by Jefferies. The firm earned “Buy” rating on Thursday, August 20 by Zacks. Below is a list of Snap-on Incorporated (NYSE:SNA) latest ratings and price target changes.

04/01/2018 Broker: FBR Capital Rating: Buy New Target: $205.0
10/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $184.0 Maintain
03/11/2017 Broker: Jefferies Rating: Hold New Target: $175.0 Maintain
23/10/2017 Broker: Barrington Rating: Buy New Target: $185.0 Upgrade
05/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $184.0 Maintain
22/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $197.0 Maintain
21/08/2017 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
15/08/2017 Broker: Jefferies Rating: Hold New Target: $175.0 Maintain
01/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $197.0000 Maintain

The stock decreased 0.10% or $0.18 during the last trading session, reaching $182.51. About 29,909 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since January 23, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

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 $10.40 billion. The firm operates in Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services divisions. It has a 18.76 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.

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