Advyzon Investment Management LLC Acquires New Holdings in Snap-on Incorporated (NYSE:SNA)

Advyzon Investment Management LLC bought a new position in Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 800 shares of the company's stock, valued at approximately $272,000.

A number of other hedge funds have also bought and sold shares of SNA. Bryn Mawr Capital Management LLC grew its stake in shares of Snap-on by 706.3% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 113,331 shares of the company's stock valued at $38,474,000 after purchasing an additional 99,276 shares during the period. Good Life Advisors LLC grew its stake in shares of Snap-on by 3.0% during the 4th quarter. Good Life Advisors LLC now owns 1,196 shares of the company's stock valued at $406,000 after purchasing an additional 35 shares during the period. Global Retirement Partners LLC grew its stake in shares of Snap-on by 3.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,899 shares of the company's stock valued at $1,324,000 after purchasing an additional 139 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Snap-on by 32.0% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,059 shares of the company's stock valued at $699,000 after purchasing an additional 499 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Snap-on by 78.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,383 shares of the company's stock valued at $1,488,000 after purchasing an additional 1,931 shares during the period. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction on Wednesday, December 18th. The stock was 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 $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of the 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 completion of the sale, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,503 shares of company stock valued at $15,906,074 in the last ninety days. Corporate insiders own 4.10% of the company's stock.

Snap-on Price Performance

SNA stock traded down $2.63 during midday trading on Friday, hitting $335.87. The company's stock had a trading volume of 315,566 shares, compared to its average volume of 388,623. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The company has a 50 day moving average of $343.79 and a two-hundred day moving average of $323.21.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) 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 quarter in the previous year, the business posted $4.75 EPS. On average, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The company also recently disclosed 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 2.55%. Snap-on's dividend payout ratio (DPR) is 43.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Tigress Financial boosted their price target on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Barrington Research reiterated an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $345.40.

Snap-on 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.