2 weeks Ago By ABMN Staff
Security National Bank of Sioux City Iowa IA decreased its stake in Snap-on Incorporated ( NYSE:SNA – Free Report ) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,919 shares of the company’s stock after selling 96 shares during the period.
Security National Bank of Sioux City Iowa IA’s holdings in Snap-on were worth $1,024,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Orion Portfolio Solutions LLC lifted its position in shares of Snap-on by 11.
7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,105 shares of the company’s stock valued at $1,444,000 after acquiring an additional 534 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Snap-on by 17.
6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,020 shares of the company’s stock worth $584,000 after purchasing an additional 303 shares during the last quarter. TD Asset Management Inc raised its holdings in Snap-on by 7.
5% during the fourth quarter. TD Asset Management Inc now owns 18,870 shares of the company’s stock worth $5,450,000 after purchasing an additional 1,324 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Snap-on by 22.
8% during the fourth quarter. Allianz Asset Management GmbH now owns 56,043 shares of the company’s stock worth $16,187,000 after purchasing an additional 10,407 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Snap-on by 5.
1% in the fourth quarter. Treasurer of the State of North Carolina now owns 42,126 shares of the company’s stock valued at $12,168,000 after purchasing an additional 2,033 shares during the last quarter. Institutional investors and hedge funds own 84.
88% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $325.
00 price target on shares of Snap-on in a research note on Friday, September 20th. Tigress Financial restated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Thursday, July 25th.
Robert W. Baird lowered their price target on shares of Snap-on from $282.00 to $275.
00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Roth Mkm reissued a “buy” rating and set a $324.00 price objective on shares of Snap-on in a research note on Tuesday, July 16th.
One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.
00. Snap-on Trading Down 0.3 % Snap-on stock opened at $288.
51 on Friday. The stock has a 50-day moving average price of $278.51 and a 200 day moving average price of $276.
54. Snap-on Incorporated has a 52 week low of $249.84 and a 52 week high of $298.
49. The stock has a market cap of $15.20 billion, a PE ratio of 15.
14, a P/E/G ratio of 1.97 and a beta of 0.98.
The company has a current ratio of 4.06, a quick ratio of 3.05 and a debt-to-equity ratio of 0.
22. Snap-on ( NYSE:SNA – Get Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The company reported $5.
07 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.13.
The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion.
Snap-on had a net margin of 21.90% and a return on equity of 19.90%.
The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.
89 earnings per share. Equities research analysts predict that Snap-on Incorporated will post 18.95 earnings per share for the current fiscal year.
Snap-on Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a $1.86 dividend.
The ex-dividend date was Monday, August 19th. This represents a $7.44 annualized dividend and a yield of 2.
58%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.
Snap-on announced that its board has initiated a share buyback plan on Thursday, August 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 3.
5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued. Insiders Place Their Bets In related news, CEO Nicholas T.
Pinchuk sold 24,145 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $268.95, for a total value of $6,493,797.
75. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other Snap-on news, CFO Aldo John Pagliari sold 4,473 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $278.
74, for a total transaction of $1,246,804.02. Following the transaction, the chief financial officer now owns 99,244 shares of the company’s stock, valued at $27,663,272.
56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, CEO Nicholas T.
Pinchuk sold 24,145 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $268.95, for a total transaction of $6,493,797.
75. Following the sale, the chief executive officer now directly owns 759,019 shares of the company’s stock, valued at $204,138,160.05.
The disclosure for this sale can be found here . Insiders have sold a total of 29,804 shares of company stock valued at $8,077,390 in the last quarter. 4.
10% of the stock is currently owned by company insiders. 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.
Read More Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated ( NYSE:SNA – Free Report ). Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.
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