RWA Wealth Partners LLC Increases Position in Snap-on Incorporated (NYSE:SNA)

RWA Wealth Partners LLC lifted its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 244.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,857 shares of the company's stock after buying an additional 2,028 shares during the period. RWA Wealth Partners LLC's holdings in Snap-on were worth $970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 worth $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Snap-on in the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on during the 4th quarter valued at about $28,000. CoreFirst Bank & Trust bought a new position in shares of Snap-on during the 4th quarter valued at approximately $40,000. Finally, TCTC Holdings LLC increased its holdings in Snap-on by 41.3% in the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company's stock worth $50,000 after acquiring an additional 43 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Tigress Financial raised their price target on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. Finally, Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snap-on currently has an average rating of "Moderate Buy" and a consensus price target of $355.33.

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Snap-on Trading Up 0.8 %

Shares of NYSE SNA traded up $2.68 during trading hours on Wednesday, hitting $342.26. 302,372 shares of the company traded hands, compared to its average volume of 342,055. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company's 50 day moving average price is $339.41 and its 200 day moving average price is $334.80. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 earned $4.75 EPS. On average, equities research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Monday, February 24th. Snap-on's payout ratio is 43.90%.

Insider Activity

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction on 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 approximately $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 have sold 36,011 shares of company stock worth $12,116,859. Company insiders own 3.90% of the company's stock.

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.