Delphi Management Inc. MA reduced its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,198 shares of the company's stock after selling 998 shares during the quarter. Delphi Management Inc. MA's holdings in Snap-on were worth $1,425,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in 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. bought a new stake in Snap-on during the fourth quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Snap-on during the fourth quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in Snap-on in the third quarter valued at about $39,000. Finally, TCTC Holdings LLC raised its holdings in Snap-on by 41.3% in the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company's stock worth $50,000 after purchasing an additional 43 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on SNA shares. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial lifted their price target on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $346.40.
Check Out Our Latest Stock Analysis on SNA
Snap-on Stock Down 0.7 %
Shares of SNA traded down $2.28 during mid-day trading on Friday, hitting $327.59. 1,763,806 shares of the company traded hands, compared to its average volume of 412,500. The company has a market capitalization of $17.17 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $341.08 and a 200 day moving average of $330.75. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89.
Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter last year, the business posted $4.75 EPS. Equities research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current year.
Snap-on Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $2.14 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.61%. Snap-on's dividend payout ratio (DPR) is 43.90%.
Insiders Place Their Bets
In related news, SVP Jesus Arregui sold 6,451 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company's stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, 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. 4.10% of the stock is currently owned by insiders.
About Snap-on
(
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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