denkapparat Operations GmbH purchased a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,116 shares of the company's stock, valued at approximately $379,000.
Several other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its holdings 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Snap-on in the fourth quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on in the fourth quarter valued at about $28,000. Brooklyn Investment Group bought a new position in Snap-on in the 3rd quarter valued at about $39,000. Finally, CoreFirst Bank & Trust bought a new position in Snap-on in the fourth quarter valued at approximately $40,000. 84.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on SNA. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a research note on Monday. Finally, Tigress Financial lifted their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.33.
View Our Latest Research Report on Snap-on
Snap-on Price Performance
SNA stock traded up $7.94 during midday trading on Monday, reaching $337.25. 195,678 shares of the stock were exchanged, compared to its average volume of 340,978. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The company has a fifty day moving average price of $340.12 and a 200 day moving average price of $333.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The stock has a market capitalization of $17.68 billion, a PE ratio of 17.28, a P/E/G ratio of 2.21 and a beta of 0.99.
Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $4.75 EPS. As a group, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.
Snap-on Announces Dividend
The firm also recently declared 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 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is currently 43.90%.
Insider Activity
In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at $266,221,278.24. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,011 shares of company stock valued at $12,116,859. Insiders own 3.90% of the company's stock.
Snap-on Company Profile
(
Free Report)
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.
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