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Karen L. Daniel, a director at Snap-on Inc. (NYSE:SNA), recently sold 1,090 shares of the company’s common stock. The transaction, which took place on June 5, 2025, was executed at an average price of $319.92 per share, amounting to a total sale value of $348,716. Following this sale, Daniel retains ownership of 8,030 shares in the company. The sale comes at a time when Snap-on, currently valued at $16.65 billion, maintains impressive gross profit margins of 52% and trades near its InvestingPro Fair Value. The company has maintained dividend payments for 55 consecutive years, currently yielding 2.68%.
In addition to the common stock transactions, Daniel holds 9,607 restricted stock units, which will convert to common stock under specific conditions such as retirement from the board, reaching the age of 70, or a change in control. According to InvestingPro analysis, Snap-on demonstrates strong financial health with a current ratio of 4.14, indicating robust liquidity. Discover 10+ additional exclusive insights and detailed analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Snap-on Inc. reported its first-quarter 2025 earnings, which fell short of analysts’ expectations. The company’s earnings per share came in at $4.51, missing the forecast of $4.81, while revenue totaled $1.14 billion, below the anticipated $1.2 billion. Despite these misses, Snap-on maintained a strong gross margin of 50.7%, a slight improvement from the previous year. The company continues to face challenges from lower sales volume and economic uncertainties. Additionally, Snap-on’s shareholders recently elected 10 directors to the Board and approved executive compensation at their annual meeting. The Audit Committee’s choice of Deloitte & Touche LLP as the independent registered public accounting firm for 2025 was also ratified. Furthermore, Snap-on’s board elections and executive compensation votes saw substantial participation, although there were 3,911,987 broker non-votes for each. These developments highlight Snap-on’s ongoing efforts to navigate a challenging economic landscape while maintaining corporate governance and financial oversight.
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