Snap-on Incorporated (NYSE:SNA) Shares Acquired by Alley Investment Management Company LLC

Alley Investment Management Company LLC raised its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,846 shares of the company's stock after purchasing an additional 905 shares during the quarter. Alley Investment Management Company LLC's holdings in Snap-on were worth $8,774,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after acquiring an additional 31 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Snap-on in the 4th quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Snap-on in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of Snap-on during the third quarter worth approximately $39,000. Finally, Private Trust Co. NA raised its stake in shares of Snap-on by 38.2% during the third quarter. Private Trust Co. NA now owns 217 shares of the company's stock worth $63,000 after purchasing an additional 60 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 6,909 shares of the business's stock in a transaction dated 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 directly owns 100,668 shares in the company, valued at $34,994,210.16. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,003 shares of company stock worth $14,636,064 in the last quarter. Company insiders own 4.10% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNA. Tigress Financial boosted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday. Barrington Research reiterated an "outperform" rating and set a $350.00 price target 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 assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Snap-on currently has a consensus rating of "Hold" and an average price target of $346.40.

Snap-on Price Performance

Snap-on stock traded up $8.02 during midday trading on Friday, reaching $342.36. The company's stock had a trading volume of 361,966 shares, compared to its average volume of 382,599. The firm has a market capitalization of $17.94 billion, a PE ratio of 17.56, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The stock's 50 day simple moving average is $342.23 and its 200 day simple moving average is $327.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $4.75 earnings per share. On average, equities research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on's dividend payout ratio (DPR) is 43.90%.

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.