Snap-on Incorporated (NYSE:SNA) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in Snap-on Incorporated (NYSE:SNA) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,224 shares of the company’s stock after selling 277 shares during the period. Sigma Planning Corp’s holdings in Snap-on were worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Advyzon Investment Management LLC acquired a new position in shares of Snap-on during the fourth quarter valued at $272,000. Bryn Mawr Capital Management LLC increased its holdings in Snap-on by 706.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 113,331 shares of the company’s stock worth $38,474,000 after buying an additional 99,276 shares during the last quarter. Good Life Advisors LLC increased its position in Snap-on by 3.0% during the fourth quarter. Good Life Advisors LLC now owns 1,196 shares of the company’s stock worth $406,000 after buying an additional 35 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Snap-on by 3.7% in the 4th quarter. Global Retirement Partners LLC now owns 3,899 shares of the company’s stock valued at $1,324,000 after acquiring an additional 139 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Snap-on by 32.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,059 shares of the company’s stock worth $699,000 after buying an additional 499 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $345.40.

Snap-on Stock Performance

Shares of NYSE:SNA opened at $336.11 on Tuesday. The firm’s 50 day simple moving average is $343.47 and its 200 day simple moving average is $324.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $4.75 EPS. As a group, sell-side analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. Snap-on’s dividend payout ratio is 43.90%.

Insider Activity

In other news, VP June C. Lemerand sold 3,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,503 shares of company stock worth $15,906,074 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

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.