Insider Sell: Snap-on Inc (SNA) Sr VP & Chief Development Officer Anup Banerjee Sells ...
Snap-on Incorporated (NYSE:SNA), a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users, has reported an insider sell according to a recent SEC filing. Anup Banerjee, the Senior Vice President & Chief Development Officer of Snap-on Inc, sold 12,397 shares of the company on March 4, 2024.Anup Banerjees transaction was executed at an average price of $283.13 per share, resulting in a total value of $3,507,851.61. Following this transaction, the insider's direct ownership in Snap-on Inc stands adjusted as per the latest filing with the SEC.Over the past year, Anup Banerjee has sold a total of 42,147 shares of Snap-on Inc and has not made any purchases of the stock. The insider transaction history for Snap-on Inc shows a pattern of insider sales, with 24 insider sells and no insider buys over the past year.
The market capitalization of Snap-on Inc is currently $14.997 billion, with the stock trading at $283.13 on the day of the insider's recent sale. The company's price-earnings ratio stands at 15.17, which is lower than the industry median of 22.25 and also below the historical median price-earnings ratio for the company.Considering the valuation metrics, Snap-on Inc has a price-to-GF-Value ratio of 1.09, indicating that the stock is Fairly Valued in relation to the GuruFocus Value estimate of $259.38. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and stakeholders in Snap-on Inc may find the insider selling activity to be a point of interest as they assess the company's stock performance and valuation. It is important to consider the broader context of the market and the individual circumstances of the insider when interpreting insider trading activity.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
