Snap-on Inc Senior Vice President & President - RS&I Group Thomas Ward Sells 22,551 Shares
Thomas Ward, Senior Vice President & President - RS&I Group of Snap-on Inc, executed a sale of 22,551 shares in the company on December 20, 2023, according to a SEC Filing. The shares were sold at an average price of $289.09, resulting in a total transaction amount of $6,517,986.59.
Snap-on Inc, listed under the ticker symbol SNA on the New York Stock Exchange, is a company that specializes in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users. The products and services of Snap-on Inc are sold through the company's franchisee, company-direct, distributor, and Internet channels to a wide array of customers including repair shop owners and mechanics, as well as customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.
Over the past year, Thomas Ward has sold a total of 105,143 shares of Snap-on Inc and has not made any purchases of the stock. The insider's recent transaction follows a pattern observed over the past year, where there have been no insider buys and 26 insider sells for the company.
On the valuation front, Snap-on Inc's shares were trading at $289.09 on the day of the insider's sale, giving the company a market capitalization of $15.148 billion. The price-earnings ratio of the company stands at 15.58, which is below the industry median of 22.535 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.11, indicating that Snap-on Inc is Fairly Valued based on its GF Value of $260.88. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated using historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. Thomas Ward's recent sale may attract attention from the market, considering the size of the transaction and the insider's role within the company.
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.
