Certior Financial Group LLC Takes Position in Snap-on Incorporated (NYSE:SNA)

Certior Financial Group LLC bought a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,213 shares of the company's stock, valued at approximately $412,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in Snap-on by 70.5% during the fourth 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. SBI Securities Co. Ltd. bought a new stake in shares of Snap-on during the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on in the 4th quarter valued at approximately $28,000. CoreFirst Bank & Trust acquired a new stake in Snap-on in the fourth quarter valued at $40,000. Finally, TCTC Holdings LLC raised its position in shares of Snap-on by 41.3% during the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company's stock worth $50,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Activity at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at $266,221,278.24. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock valued at $12,116,859. 3.90% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on SNA shares. Tigress Financial upped 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, March 4th. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Finally, Barrington Research reissued an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Snap-on presently has an average rating of "Moderate Buy" and an average price target of $355.33.

Snap-on Stock Up 4.4 %

NYSE:SNA traded up $14.14 during trading hours on Friday, reaching $336.50. The company had a trading volume of 611,209 shares, compared to its average volume of 350,788. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90. 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 cap of $17.64 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.21 and a beta of 0.84. The business's 50-day simple moving average is $333.58 and its two-hundred day simple moving average is $336.83.

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

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio is currently 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.