Wellington Shields Capital Management LLC decreased its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 16.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,790 shares of the company's stock after selling 1,500 shares during the period. Wellington Shields Capital Management LLC's holdings in Snap-on were worth $2,645,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SNA. UMB Bank n.a. grew its holdings 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. SBI Securities Co. Ltd. acquired a new stake in Snap-on in the fourth quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Snap-on in the fourth quarter valued at $28,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on during the third quarter valued at $39,000. Finally, Private Trust Co. NA lifted 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 purchasing 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 0.1 %
Shares of SNA stock traded down $0.27 during trading hours on Tuesday, hitting $328.97. 390,997 shares of the company were exchanged, compared to its average volume of 320,551. The firm has a market cap of $17.24 billion, a PE ratio of 16.87, a PEG ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. 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 has a fifty day moving average of $341.41 and a 200 day moving average of $330.42.
Snap-on (NYSE:SNA - Get Free Report) last announced 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 company posted $4.75 EPS. Analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.
Snap-on Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is presently 43.90%.
Insider Buying and Selling
In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,220 shares of company stock valued at $6,906,802. 4.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. Tigress Financial upped their target price on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $346.40.
Get Our Latest Analysis on SNA
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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