Alpine Woods Capital Investors LLC Sells 1,163 Shares of Snap-on Incorporated (NYSE:SNA)

Alpine Woods Capital Investors LLC lessened its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,470 shares of the company's stock after selling 1,163 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Snap-on were worth $4,912,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sigma Planning Corp increased its position in shares of Snap-on by 25.3% during the third quarter. Sigma Planning Corp now owns 3,501 shares of the company's stock worth $1,014,000 after acquiring an additional 706 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Snap-on by 21.5% during the 3rd quarter. Victory Capital Management Inc. now owns 158,777 shares of the company's stock worth $45,999,000 after purchasing an additional 28,049 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Snap-on by 1.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 19,410 shares of the company's stock worth $5,623,000 after purchasing an additional 272 shares during the last quarter. Main Street Financial Solutions LLC boosted its holdings in Snap-on by 6.9% in the 3rd quarter. Main Street Financial Solutions LLC now owns 924 shares of the company's stock worth $268,000 after buying an additional 60 shares during the period. Finally, KBC Group NV boosted its holdings in Snap-on by 1.8% in the 3rd quarter. KBC Group NV now owns 15,437 shares of the company's stock worth $4,472,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday, February 10th. Tigress Financial raised their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Snap-on has a consensus rating of "Hold" and a consensus target price of $346.40.

Snap-on Trading Down 0.1 %

NYSE:SNA traded down $0.27 during trading hours on Tuesday, reaching $328.97. The company's stock had a trading volume of 390,997 shares, compared to its average volume of 320,551. The firm has a 50-day simple moving average of $341.41 and a 200-day simple moving average of $330.42. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.21 and a beta of 0.99. 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 released its quarterly earnings data 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 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 EPS. Research analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, February 24th. Snap-on's payout ratio is 43.90%.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated 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. The trade was 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, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the sale, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,220 shares of company stock worth $6,906,802. 4.10% of the stock is currently owned by company insiders.

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.