1 week Ago By ABMN Staff
Farmers & Merchants Investments Inc. lifted its stake in shares of Snap-on Incorporated ( NYSE:SNA – Free Report ) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 566 shares of the company’s stock after buying an additional 80 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Snap-on were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of SNA. Scarborough Advisors LLC acquired a new stake in Snap-on in the fourth quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in Snap-on in the 2nd quarter valued at about $30,000.
Innealta Capital LLC acquired a new position in Snap-on during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc boosted its holdings in Snap-on by 529.0% in the second quarter.
Versant Capital Management Inc now owns 195 shares of the company’s stock worth $51,000 after acquiring an additional 164 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Snap-on in the first quarter valued at approximately $56,000. Institutional investors own 84.
88% of the company’s stock. Snap-on Price Performance Snap-on stock opened at $270.84 on Friday.
Snap-on Incorporated has a 52 week low of $249.84 and a 52 week high of $298.49.
The company’s 50 day moving average price is $273.16 and its two-hundred day moving average price is $276.31.
The stock has a market cap of $14.28 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.
94 and a beta of 0.98. The company has a quick ratio of 3.
05, a current ratio of 4.06 and a debt-to-equity ratio of 0.22.
Snap-on Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given a dividend of $1.86 per share.
The ex-dividend date of this dividend is Monday, August 19th. This represents a $7.44 annualized dividend and a yield of 2.
75%. Snap-on’s payout ratio is currently 39.03%.
Snap-on announced that its board has approved a stock buyback plan on Thursday, August 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.
5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued. Analyst Upgrades and Downgrades A number of analysts have commented on the stock.
Roth Mkm restated a “buy” rating and set a $324.00 price target on shares of Snap-on in a research note on Tuesday, July 16th. Barrington Research restated an “outperform” rating and issued a $325.
00 target price on shares of Snap-on in a report on Tuesday, July 16th. Tigress Financial reiterated a “buy” rating and set a $336.00 price target on shares of Snap-on in a research note on Thursday, July 25th.
Finally, Robert W. Baird decreased their price objective on Snap-on from $282.00 to $275.
00 and set a “neutral” rating for the company in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.
00. Check Out Our Latest Stock Analysis on SNA Insider Buying and Selling In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,145 shares of the business’s stock in a transaction dated Monday, August 12th.
The shares were sold at an average price of $268.95, for a total value of $6,493,797.75.
Following the transaction, the chief executive officer now directly owns 759,019 shares in the company, valued at $204,138,160.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
In related news, CEO Nicholas T. Pinchuk sold 24,145 shares of Snap-on stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $268.
95, for a total value of $6,493,797.75. Following the sale, the chief executive officer now owns 759,019 shares of the company’s stock, valued at approximately $204,138,160.
05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, VP June C.
Lemerand sold 1,186 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $283.97, for a total value of $336,788.
42. Following the completion of the transaction, the vice president now owns 2,283 shares in the company, valued at approximately $648,303.51.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 29,804 shares of company stock worth $8,077,390. Insiders own 4.
10% of the company’s stock. Snap-on Company Profile ( 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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