J.W. Cole Advisors Inc. Purchases New Position in Snap-on Incorporated (NYSE:SNA)

J.W. Cole Advisors Inc. acquired a new position in shares of Snap-on Incorporated (NYSE:SNA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,995 shares of the company’s stock, valued at approximately $576,000.

A number of other large investors have also made changes to their positions in the stock. Avantax Planning Partners Inc. increased its position in shares of Snap-on by 3.5% during the third quarter. Avantax Planning Partners Inc. now owns 1,131 shares of the company’s stock worth $288,000 after acquiring an additional 38 shares during the period. Phoenix Wealth Advisors boosted its holdings in Snap-on by 3.1% in the 3rd quarter. Phoenix Wealth Advisors now owns 1,309 shares of the company’s stock valued at $334,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Snap-on by 17.2% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock worth $79,000 after acquiring an additional 40 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Snap-on by 2.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company’s stock worth $570,000 after acquiring an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Snap-on by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 948 shares of the company’s stock worth $274,000 after acquiring an additional 48 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barrington Research restated an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a research report on Monday, April 15th. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Finally, Robert W. Baird decreased their price objective on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now owns 93,183 shares in the company, valued at $25,213,456.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Anup R. Banerjee sold 12,397 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $283.13, for a total transaction of $3,509,962.61. Following the completion of the transaction, the senior vice president now owns 11,420 shares of the company’s stock, valued at approximately $3,233,344.60. The disclosure for this sale can be found here. Insiders sold 47,368 shares of company stock valued at $13,399,449 in the last ninety days. Insiders own 4.10% of the company’s stock.

Snap-on Trading Down 0.1 %

Snap-on stock opened at $268.56 on Tuesday. The company has a 50 day moving average price of $283.80 and a 200 day moving average price of $278.68. Snap-on Incorporated has a 52 week low of $247.68 and a 52 week high of $298.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.92 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. Snap-on’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $4.60 EPS. Research analysts forecast that Snap-on Incorporated will post 19.24 EPS for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio is currently 39.03%.

Snap-on 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.