Haven Private LLC acquired a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,576 shares of the company's stock, valued at approximately $535,000.
Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after acquiring an additional 31 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Snap-on in the 4th quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Snap-on during the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on in the 3rd quarter valued at approximately $39,000. Finally, Private Trust Co. NA lifted its holdings in Snap-on by 38.2% in the third quarter. Private Trust Co. NA now owns 217 shares of the company's stock valued at $63,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 84.88% of the company's stock.
Snap-on Stock Performance
Shares of SNA traded down $3.94 during midday trading on Tuesday, hitting $335.51. 459,695 shares of the stock traded hands, compared to its average volume of 326,324. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The business's 50 day moving average price is $342.21 and its two-hundred day moving average price is $328.77. The firm has a market capitalization of $17.58 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90.
Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter last year, the firm earned $4.75 EPS. Equities research analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.
Snap-on Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is currently 43.90%.
Insider Buying and Selling at Snap-on
In other news, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly 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 this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,220 shares of company stock worth $6,906,802 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have commented on SNA. Barrington Research reiterated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial raised their price target on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $346.40.
Check Out Our Latest Research Report on SNA
About Snap-on
(
Free Report)
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.
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