Snap-on Incorporated (NYSE:SNA) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lowered its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 60.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 614 shares of the company's stock after selling 920 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Snap-on were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNA. Aurora Investment Counsel boosted its position in shares of Snap-on by 0.9% during the 3rd quarter. Aurora Investment Counsel now owns 3,549 shares of the company's stock worth $1,028,000 after acquiring an additional 30 shares in the last quarter. UMB Bank n.a. increased 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 purchasing an additional 31 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Snap-on by 3.1% during the third quarter. Lake Street Advisors Group LLC now owns 1,074 shares of the company's stock worth $311,000 after buying an additional 32 shares during the last quarter. Metis Global Partners LLC increased its position in Snap-on by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,691 shares of the company's stock valued at $490,000 after acquiring an additional 32 shares during the period. Finally, Tradition Wealth Management LLC raised its stake in Snap-on by 3.1% during the 3rd quarter. Tradition Wealth Management LLC now owns 1,154 shares of the company's stock valued at $334,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

Snap-on Price Performance

Shares of SNA traded down $0.08 on Tuesday, reaching $352.59. The stock had a trading volume of 202,020 shares, compared to its average volume of 385,336. The firm has a 50-day moving average of $350.33 and a 200 day moving average of $315.23. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18.51 billion, a PE ratio of 18.15, a PEG ratio of 2.21 and a beta of 1.00. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89.

Snap-on Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.43%. This is a boost from Snap-on's previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Thursday, November 21st. Snap-on's dividend payout ratio is presently 44.06%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SNA shares. Barrington Research boosted their target price on Snap-on from $325.00 to $350.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Roth Mkm increased their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Tigress Financial increased their target price on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Snap-on has a consensus rating of "Hold" and an average price target of $345.40.

Insider Buying and Selling at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on 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 $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the sale, the vice president now directly owns 2,289 shares of the company's stock, valued at $830,586.54. The trade was a 60.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is owned by corporate insiders.

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.