Corient Private Wealth LLC Increases Position in Snap-on Incorporated (NYSE:SNA)

Corient Private Wealth LLC grew its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,987 shares of the company's stock after buying an additional 783 shares during the quarter. Corient Private Wealth LLC's holdings in Snap-on were worth $7,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SNA. Pathstone Holdings LLC increased its holdings in Snap-on by 5.5% during the third quarter. Pathstone Holdings LLC now owns 5,606 shares of the company's stock valued at $1,624,000 after buying an additional 291 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Snap-on in the 3rd quarter worth $313,000. Strategy Asset Managers LLC bought a new position in Snap-on in the 3rd quarter worth $209,000. Commerce Bank lifted its position in Snap-on by 1.3% during the third quarter. Commerce Bank now owns 3,234 shares of the company's stock valued at $937,000 after purchasing an additional 43 shares in the last quarter. Finally, Aurora Investment Counsel grew its holdings in Snap-on by 0.9% during the third quarter. Aurora Investment Counsel now owns 3,549 shares of the company's stock valued at $1,028,000 after purchasing an additional 30 shares during the period. Institutional investors own 84.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNA. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial increased their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $346.40.

Remove Ads

Snap-on Price Performance

Shares of NYSE:SNA traded down $1.37 during trading on Tuesday, hitting $335.99. 289,674 shares of the company's stock were exchanged, compared to its average volume of 325,162. The business's 50-day simple moving average is $340.95 and its 200 day simple moving average is $332.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.21 and a beta of 0.99.

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 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 quarter in the previous year, the company earned $4.75 EPS. As a group, equities analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a $2.14 dividend. The ex-dividend date of this dividend was 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%.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 6,451 shares of the company's 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 sale, the senior vice president now owns 257 shares of the company's stock, valued at $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the sale, the chief financial officer now 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. 4.10% of the stock is owned by company 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.