Radnor Capital Management LLC Invests $478,000 in Snap-on Incorporated (NYSE:SNA)

Radnor Capital Management LLC acquired a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,650 shares of the company's stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of SNA. Crestwood Advisors Group LLC increased its holdings in shares of Snap-on by 1.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,759 shares of the company's stock valued at $1,089,000 after acquiring an additional 38 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company's stock valued at $5,764,000 after acquiring an additional 67 shares during the period. National Pension Service increased its holdings in shares of Snap-on by 4.3% in the 3rd quarter. National Pension Service now owns 113,516 shares of the company's stock valued at $32,887,000 after acquiring an additional 4,710 shares during the period. Van ECK Associates Corp increased its holdings in shares of Snap-on by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 9,617 shares of the company's stock valued at $2,786,000 after acquiring an additional 953 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Snap-on by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,102 shares of the company's stock valued at $6,693,000 after acquiring an additional 455 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SNA shares. 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 report on Friday, October 18th. Robert W. Baird lifted their price target 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 raised their price objective on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Barrington Research raised their price objective on Snap-on from $325.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Finally, Roth Mkm raised their price objective on Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has issued 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 a consensus price target of $345.40.

Insiders Place Their Bets

In other news, SVP Thomas J. Ward sold 12,737 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $333.21, for a total value of $4,244,095.77. Following the sale, the senior vice president now directly owns 55,401 shares of the company's stock, valued at $18,460,167.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Thomas J. Ward sold 12,737 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $333.21, for a total transaction of $4,244,095.77. Following the sale, the senior vice president now directly owns 55,401 shares of the company's stock, valued at $18,460,167.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Thomas Miller sold 1,750 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $330.00, for a total value of $577,500.00. Following the sale, the vice president now directly owns 3,218 shares in the company, valued at approximately $1,061,940. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,335 shares of company stock valued at $14,706,082. 4.10% of the stock is owned by insiders.

Snap-on Stock Performance

SNA stock traded up $6.24 during midday trading on Friday, reaching $359.37. The stock had a trading volume of 356,796 shares, compared to its average volume of 307,542. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The firm has a fifty day simple moving average of $299.65 and a two-hundred day simple moving average of $281.27. The stock has a market cap of $18.87 billion, a PE ratio of 18.47, a P/E/G ratio of 2.34 and a beta of 0.96. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $360.41.

Snap-on Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.38%. This is an increase from Snap-on's previous quarterly dividend of $1.86. Snap-on's dividend payout ratio is 38.29%.

Snap-on declared that its board has authorized a share repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.