On September 29, 2023, Tigress Financial reiterated its Buy recommendation for Snap-on (NYSE:SNA), according to Fintel reports. The average one-year price target for Snap-on is $270.08, which represents a potential increase of 4.83% from its latest closing price of $257.64. The projected annual revenue for Snap-on is $4,630 million, with a decrease of 7.29%. Additionally, the company declared a regular quarterly dividend of $1.62 per share, with a dividend yield of 2.52%. The dividend payout ratio is 0.35, indicating that 35% of the company’s income is paid out in dividends.
Despite the positive buy recommendation from Tigress Financial, the fund sentiment for Snap-on indicates a bearish outlook, with a put/call ratio of 1.33. In terms of other shareholders, Vanguard Total Stock Market Index Fund Investor Shares holds 1,657K shares (3.13% ownership) of Snap-on, representing an increase of 0.70% from the previous filing. Geode Capital Management and Vanguard 500 Index Fund Investor Shares also reported increases in their portfolio allocation in Snap-on. Charles Schwab Investment Management increased its portfolio allocation by 17.62% over the last quarter. On the other hand, Jpmorgan Chase decreased its ownership by 2.27%.
Snap-on Incorporated is a leading global company that manufactures and markets tools, equipment, diagnostics, repair information, and systems solutions for professional users. Its products and services cater to various industries such as automotive, aviation, construction, government, and agriculture. Founded in 1920, Snap-on is a $3.6 billion company headquartered in Kenosha, Wisconsin.
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