Strategic Financial Concepts LLC Purchases Shares of 16,635 Snap-on Incorporated (NYSE:SNA)

Strategic Financial Concepts LLC bought a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,635 shares of the company's stock, valued at approximately $5,647,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after acquiring an additional 31 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Snap-on during the 3rd quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Snap-on during the 3rd quarter worth approximately $39,000. nVerses Capital LLC purchased a new stake in shares of Snap-on during the 3rd quarter worth approximately $58,000. Finally, Private Trust Co. NA boosted its stake in shares of Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company's stock worth $63,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Snap-on Trading Down 0.8 %

SNA traded down $2.80 during trading on Wednesday, hitting $334.54. The company's stock had a trading volume of 353,390 shares, compared to its average volume of 400,271. The firm's 50 day moving average price is $346.16 and its 200-day moving average price is $320.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14. The stock has a market cap of $17.57 billion, a PE ratio of 17.16, a PEG ratio of 2.13 and a beta of 0.99. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month 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 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 in the prior year, the firm posted $4.75 earnings per share. On average, analysts expect that Snap-on Incorporated will post 20.07 earnings per share for the current year.

Analyst Ratings Changes

SNA has been the topic of several research analyst reports. Robert W. Baird boosted their price target on Snap-on from $290.00 to $347.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday. Bank of America upped their target price on Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research note on Friday, October 18th. Tigress Financial upped their target price on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Roth Mkm upped their target price 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Snap-on has an average rating of "Hold" and an average price target of $345.40.

Insider Transactions at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The stock was 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 directly owns 257 shares in the company, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares of the company's stock, valued at approximately $273,126,134.54. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,643 shares of company stock worth $13,580,191 in the last ninety days. Insiders own 4.10% of the company's stock.

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.