Snap-on Incorporated (NYSE:SNA) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in Snap-on Incorporated (NYSE:SNA) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,349 shares of the company’s stock after purchasing an additional 336 shares during the period. Kestra Private Wealth Services LLC’s holdings in Snap-on were worth $1,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SNA. Benjamin Edwards Inc. boosted its stake in Snap-on by 2,691.2% in the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock valued at $45,810,000 after acquiring an additional 152,428 shares during the period. International Assets Investment Management LLC boosted its stake in Snap-on by 34,381.0% in the third quarter. International Assets Investment Management LLC now owns 130,338 shares of the company’s stock valued at $37,760,000 after acquiring an additional 129,960 shares during the period. Nordea Investment Management AB boosted its stake in Snap-on by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after acquiring an additional 127,859 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Snap-on by 45.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 257,450 shares of the company’s stock valued at $74,586,000 after acquiring an additional 80,421 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Snap-on by 9.4% in the third quarter. Pacer Advisors Inc. now owns 907,655 shares of the company’s stock valued at $262,957,000 after acquiring an additional 78,184 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNA has been the subject of several analyst reports. Bank of America boosted their price objective on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday. Robert W. Baird boosted their price objective on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Roth Mkm boosted their price objective on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Tigress Financial boosted their price objective on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $345.40.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares in the company, valued at $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,643 shares of company stock valued at $13,580,191. Corporate insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Shares of NYSE:SNA opened at $339.73 on Friday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.13 and a beta of 0.99. The stock’s 50 day moving average price is $345.73 and its 200 day moving average price is $320.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the previous year, the business earned $4.75 EPS. Equities research analysts anticipate that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.52%. Snap-on’s dividend payout ratio is currently 43.90%.

Snap-on Company 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.