Bryn Mawr Capital Management LLC Has $38.47 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

Bryn Mawr Capital Management LLC boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 706.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,331 shares of the company's stock after buying an additional 99,276 shares during the period. Snap-on comprises 1.5% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 15th largest holding. Bryn Mawr Capital Management LLC owned approximately 0.22% of Snap-on worth $38,474,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Good Life Advisors LLC lifted its holdings in shares of Snap-on by 3.0% during the fourth quarter. Good Life Advisors LLC now owns 1,196 shares of the company's stock valued at $406,000 after acquiring an additional 35 shares during the period. Global Retirement Partners LLC grew its position in shares of Snap-on by 3.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,899 shares of the company's stock worth $1,324,000 after buying an additional 139 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Snap-on by 32.0% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,059 shares of the company's stock worth $699,000 after buying an additional 499 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Snap-on by 78.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,383 shares of the company's stock worth $1,488,000 after buying an additional 1,931 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Snap-on by 343.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,304 shares of the company's stock worth $443,000 after buying an additional 1,010 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president now owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,643 shares of company stock worth $13,580,191. Corporate insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SNA shares. Barrington Research restated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial boosted their target price on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $345.40.

Snap-on Stock Down 0.8 %

Shares of SNA traded down $2.63 on Friday, hitting $335.87. The company's stock had a trading volume of 311,700 shares, compared to its average volume of 383,932. 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 firm's fifty day moving average price is $344.18 and its 200-day moving average price is $322.76. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.23 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $4.75 earnings per share. On average, equities research analysts expect 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. Investors of record on Monday, February 24th will be given a $2.14 dividend. The ex-dividend date is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.55%. Snap-on's dividend payout ratio is presently 43.90%.

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.