1,509 Shares in Snap-on Incorporated (NYSE:SNA) Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,509 shares of the company's stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vision Capital Management Inc. boosted its holdings in shares of Snap-on by 0.4% during the 4th quarter. Vision Capital Management Inc. now owns 16,468 shares of the company's stock worth $5,591,000 after purchasing an additional 59 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in shares of Snap-on during the 4th quarter worth approximately $876,000. Absher Wealth Management LLC boosted its holdings in shares of Snap-on by 3.4% during the 4th quarter. Absher Wealth Management LLC now owns 70,809 shares of the company's stock worth $24,038,000 after purchasing an additional 2,357 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Snap-on by 19.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,401 shares of the company's stock worth $14,910,000 after purchasing an additional 7,149 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Snap-on by 2.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 29,147 shares of the company's stock worth $9,895,000 after purchasing an additional 694 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company's stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value of $1,270,010.00. Following the sale, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. This represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,643 shares of company stock valued at $13,580,191 over the last quarter. 4.10% of the stock is owned by company insiders.

Snap-on Trading Down 0.2 %

NYSE SNA traded down $0.61 on Friday, reaching $339.12. The stock had a trading volume of 330,511 shares, compared to its average volume of 394,417. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 2.13 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The stock has a fifty day moving average price of $345.36 and a two-hundred day moving average price of $321.13.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period last year, the business earned $4.75 EPS. As a group, sell-side analysts forecast that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on's payout ratio is 43.90%.

Analysts Set New Price Targets

SNA has been the topic of a number of recent analyst reports. Robert W. Baird upped their price objective on Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Barrington Research reiterated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday. Bank of America upped their price objective on Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a report on Friday, October 18th. Roth Mkm upped their price objective on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Tigress Financial upped their price objective on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $345.40.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.