Snap-on Incorporated (NYSE:SNA) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Snap-on Incorporated (NYSE:SNA) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,184 shares of the company’s stock after acquiring an additional 401 shares during the quarter. Sanctuary Advisors LLC owned 0.09% of Snap-on worth $16,562,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Snap-on by 4.7% during the 3rd quarter. Creative Planning now owns 9,909 shares of the company’s stock worth $2,871,000 after purchasing an additional 446 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Snap-on by 116.3% in the third quarter. Vontobel Holding Ltd. now owns 1,968 shares of the company’s stock valued at $570,000 after buying an additional 1,058 shares in the last quarter. nVerses Capital LLC purchased a new stake in Snap-on during the 3rd quarter worth about $58,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Snap-on by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,076 shares of the company’s stock worth $1,471,000 after acquiring an additional 86 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Snap-on by 22.1% in the 3rd quarter. Blue Trust Inc. now owns 3,596 shares of the company’s stock valued at $1,042,000 after acquiring an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Activity at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,643 shares of company stock worth $13,580,191 in the last quarter. Company insiders own 4.10% of the company’s stock.

Snap-on Price Performance

SNA stock opened at $339.12 on Tuesday. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17.81 billion, a P/E ratio of 17.39, a PEG ratio of 2.13 and a beta of 0.99. The business has a 50 day simple moving average of $345.04 and a 200-day simple moving average of $322.05. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the company posted $4.75 earnings per share. As a group, equities analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SNA shares. Roth Mkm upped their price target on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Tigress Financial upped their target price on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $345.40.

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.