Snap-on Incorporated (NYSE:SNA) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,686 shares of the company's stock after selling 2,395 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Snap-on were worth $4,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. grew its stake in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after purchasing an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on in the 4th quarter valued at about $28,000. Reston Wealth Management LLC purchased a new position in shares of Snap-on in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in shares of Snap-on during the 3rd quarter worth approximately $39,000. Finally, nVerses Capital LLC purchased a new stake in Snap-on during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 84.88% of the company's stock.

Snap-on Stock Performance

Shares of NYSE SNA traded down $0.61 during midday trading on Monday, reaching $339.12. The company had a trading volume of 330,511 shares, compared to its average volume of 395,688. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The business's 50-day simple moving average is $345.36 and its 200 day simple moving average is $321.63. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The stock has a market cap of $17.81 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) 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 posted $4.75 earnings per share. On average, analysts forecast that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on's dividend payout ratio (DPR) is 43.90%.

Wall Street Analysts Forecast Growth

SNA has been the topic of several analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a 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 note on Friday, October 25th. Finally, Roth Mkm increased their price target on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One research 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $345.40.

Insider Activity at Snap-on

In related news, VP June C. Lemerand sold 3,500 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the transaction, the vice president now owns 2,289 shares of the company's stock, valued at $830,586.54. This trade represents a 60.46 % 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, CEO Nicholas T. Pinchuk sold 21,783 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,643 shares of company stock worth $13,580,191 over the last quarter. Insiders own 4.10% of the company's stock.

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.