Seizert Capital Partners LLC Has $4.98 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Seizert Capital Partners LLC decreased its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,669 shares of the company's stock after selling 14,664 shares during the quarter. Seizert Capital Partners LLC's holdings in Snap-on were worth $4,980,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions 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 valued at $25,000 after acquiring an additional 31 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Snap-on in the fourth quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Snap-on in the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in Snap-on during the third quarter worth $39,000. Finally, Private Trust Co. NA increased its holdings in Snap-on by 38.2% in the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company's stock valued at $63,000 after buying an additional 60 shares during the period. Institutional investors own 84.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Tigress Financial raised their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $346.40.

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Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares of the company's stock, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares of the company's stock, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,003 shares of company stock worth $14,636,064. Insiders own 4.10% of the company's stock.

Snap-on Price Performance

Shares of SNA traded up $8.02 during trading hours on Friday, hitting $342.36. The stock had a trading volume of 361,966 shares, compared to its average volume of 382,599. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.21 and a beta of 0.99. The company's fifty day moving average is $342.23 and its two-hundred day moving average is $327.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17.

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

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on's dividend payout ratio is currently 43.90%.

Snap-on 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.