MOKAN Wealth Management Inc. bought a new position in Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,878 shares of the company's stock, valued at approximately $1,656,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after purchasing an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on in the fourth quarter worth $28,000. Reston Wealth Management LLC bought a new stake in Snap-on during the 3rd quarter valued at $30,000. Brooklyn Investment Group purchased a new stake in Snap-on during the 3rd quarter valued at $39,000. Finally, nVerses Capital LLC bought a new stake in Snap-on in the 3rd quarter worth $58,000. 84.88% of the stock is currently owned by institutional investors.
Snap-on Stock Down 0.5 %
Snap-on stock traded down $1.76 during trading hours on Wednesday, hitting $341.08. 135,476 shares of the stock traded hands, compared to its average volume of 384,432. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89. The company has a market cap of $17.87 billion, a PE ratio of 17.49, a PEG ratio of 2.21 and a beta of 0.99. The firm's 50-day moving average price is $345.04 and its two-hundred day moving average price is $322.05. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.
Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business earned $4.75 EPS. On average, research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.
Snap-on Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.51%. Snap-on's payout ratio is 43.90%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SNA shares. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial upped their price target on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Roth Mkm lifted their price objective on Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Snap-on presently has an average rating of "Hold" and a consensus target price of $345.40.
Read Our Latest Analysis on Snap-on
Insiders Place Their Bets
In other news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares in the company, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aldo John Pagliari sold 6,909 shares of the firm'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 transaction of $2,401,706.58. Following the sale, the chief financial officer now directly owns 100,668 shares of the company's stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,643 shares of company stock valued at $13,580,191. 4.10% of the stock is currently owned by corporate insiders.
Snap-on Profile
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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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