Sanctuary Advisors LLC Acquires 1,605 Shares of Snap-on Incorporated (NYSE:SNA)

Sanctuary Advisors LLC grew its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,783 shares of the company's stock after buying an additional 1,605 shares during the quarter. Sanctuary Advisors LLC owned 0.09% of Snap-on worth $13,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNA. Reston Wealth Management LLC bought a new stake in shares of Snap-on in the 3rd quarter valued at approximately $30,000. Innealta Capital LLC bought a new stake in Snap-on in the second quarter valued at $32,000. Massmutual Trust Co. FSB ADV boosted its stake in Snap-on by 53.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company's stock valued at $37,000 after purchasing an additional 44 shares during the period. Brooklyn Investment Group bought a new stake in shares of Snap-on during the third quarter valued at approximately $39,000. Finally, Quarry LP boosted its position in shares of Snap-on by 244.7% during the second quarter. Quarry LP now owns 162 shares of the company's stock worth $42,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SNA shares. Roth Mkm increased their price objective on shares of Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Barrington Research boosted their target price on Snap-on from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Robert W. Baird increased their price objective 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 upped their target price on shares of Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on shares of Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $345.40.

Snap-on Price Performance

SNA stock traded down $0.53 during trading on Friday, reaching $355.11. 263,855 shares of the company were exchanged, compared to its average volume of 313,352. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.35 and a beta of 0.98. The company has a 50-day moving average of $340.72 and a two-hundred day moving average of $297.02.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, October 17th. The company reported $4.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.58 by $0.12. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, equities analysts predict that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a $2.14 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Snap-on's previous quarterly dividend of $1.86. This represents a $8.56 annualized dividend and a dividend yield of 2.41%. Snap-on's dividend payout ratio (DPR) is 44.06%.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP Richard Thomas Miller sold 1,750 shares of Snap-on stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $330.00, for a total transaction of $577,500.00. Following the transaction, the vice president now owns 3,218 shares of the company's stock, valued at $1,061,940. This trade represents a 35.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Iain Boyd sold 6,044 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total value of $1,807,095.56. Following the completion of the transaction, the vice president now owns 10,493 shares of the company's stock, valued at $3,137,302.07. This trade represents a 36.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,814 shares of company stock valued at $15,627,963. 4.10% of the stock is currently 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.