Snap-on Incorporated (NYSE:SNA) Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its position in shares of Snap-on Incorporated (NYSE:SNA) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,120 shares of the company’s stock after purchasing an additional 89 shares during the period. Greenleaf Trust’s holdings in Snap-on were worth $324,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royal London Asset Management Ltd. lifted its holdings in Snap-on by 12.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock worth $5,751,000 after buying an additional 2,542 shares during the last quarter. Caprock Group LLC purchased a new stake in Snap-on during the 4th quarter worth about $1,203,000. Vision Capital Management Inc. purchased a new stake in Snap-on during the 4th quarter worth about $2,377,000. Cerity Partners LLC lifted its holdings in Snap-on by 275.7% during the 4th quarter. Cerity Partners LLC now owns 7,938 shares of the company’s stock worth $2,292,000 after buying an additional 5,825 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Snap-on by 3.9% during the 4th quarter. Raymond James & Associates now owns 355,160 shares of the company’s stock worth $102,584,000 after buying an additional 13,225 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-on Stock Up 1.0 %

SNA opened at $271.30 on Wednesday. The business’s 50-day simple moving average is $283.80 and its 200-day simple moving average is $278.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. Snap-on Incorporated has a one year low of $247.68 and a one year high of $298.49. The stock has a market capitalization of $14.30 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 EPS. Analysts anticipate that Snap-on Incorporated will post 19.06 EPS for the current year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Insider Activity at Snap-on

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a report on Monday, April 15th. Tigress Financial reiterated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Friday, February 16th. Finally, Robert W. Baird cut their target price on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

About Snap-on

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.