Master S Wealth Management Inc. Invests $345,000 in Snap-on Incorporated (NYSE:SNA)

Master S Wealth Management Inc. purchased a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,016 shares of the company's stock, valued at approximately $345,000. Snap-on accounts for about 0.2% of Master S Wealth Management Inc.'s investment portfolio, making the stock its 25th largest position.

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

Wall Street Analyst Weigh In

SNA has been the topic of several analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research note on Thursday. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. Tigress Financial upped 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. Finally, Robert W. Baird dropped their price target on shares of Snap-on from $358.00 to $349.00 and set a "neutral" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $355.67.

Snap-on Stock Performance

Shares of NYSE SNA traded down $26.84 during trading on Friday, reaching $305.16. The stock had a trading volume of 1,849,999 shares, compared to its average volume of 355,833. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The firm's 50 day moving average price is $331.66 and its two-hundred day moving average price is $337.68. The stock has a market cap of $16.00 billion, a PE ratio of 15.65, a P/E/G ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm posted $4.91 earnings per share. On average, research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is 43.90%.

Insider Activity at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on 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 directly owns 257 shares of the company's stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock worth $12,116,859 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

About Snap-on

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.