Advisor Group Inc. increased its position in Snap-on (NYSE:SNA) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,488 shares of the company’s stock after acquiring an additional 1,823 shares during the period. Advisor Group Inc.’s holdings in Snap-on were worth $1,481,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amica Retiree Medical Trust purchased a new position in Snap-on in the 3rd quarter worth approximately $165,000. Glenview State Bank Trust DEPT. purchased a new position in Snap-on in the 4th quarter worth approximately $206,000. Visionary Asset Management Inc. purchased a new position in Snap-on in the 3rd quarter worth approximately $215,000. Wasatch Advisors Inc. bought a new stake in Snap-on in the 3rd quarter worth approximately $224,000. Finally, Conning Inc. bought a new stake in Snap-on in the 4th quarter worth approximately $230,000. Institutional investors own 99.40% of the company’s stock.
In other news, SVP Thomas L. Kassouf sold 96,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $160.40, for a total transaction of $15,398,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.60, for a total transaction of $62,152.20. Following the sale, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $1,345,185.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,355 shares of company stock valued at $24,058,960. Insiders own 4.00% of the company’s stock.
Shares of Snap-on (NYSE SNA) opened at $149.43 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24. Snap-on has a 1 year low of $140.83 and a 1 year high of $185.47. The company has a market cap of $8,672.65, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.12.
Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The business had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. equities analysts expect that Snap-on will post 11.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, March 1st. Snap-on’s payout ratio is 34.45%.
A number of equities research analysts have commented on SNA shares. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. B. Riley reaffirmed a “buy” rating and issued a $205.00 target price on shares of Snap-on in a research report on Thursday, January 4th. Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a research report on Thursday, March 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $184.00) on shares of Snap-on in a research report on Monday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $192.00.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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