Jacobi Capital Management LLC Takes $209,000 Position in Snap-on Incorporated (NYSE:SNA)

Jacobi Capital Management LLC purchased a new stake in Snap-on Incorporated (NYSE:SNA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 614 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently made changes to their positions in SNA. Proficio Capital Partners LLC bought a new stake in Snap-on during the fourth quarter valued at $57,738,000. Benjamin Edwards Inc. boosted its stake in Snap-on by 2,691.2% during the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock valued at $45,810,000 after buying an additional 152,428 shares during the period. Nordea Investment Management AB boosted its stake in Snap-on by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after buying an additional 127,859 shares during the period. Bryn Mawr Capital Management LLC boosted its stake in Snap-on by 706.3% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 113,331 shares of the company’s stock valued at $38,474,000 after buying an additional 99,276 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Snap-on by 45.4% during 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 buying an additional 80,421 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, the chief financial officer now owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,503 shares of company stock valued at $15,906,074. Insiders own 4.10% of the company’s stock.

Snap-on Trading Down 2.3 %

Shares of SNA stock opened at $333.45 on Tuesday. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $343.25 and a two-hundred day moving average price of $326.29. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The firm has a market cap of $17.47 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (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 last year, the company earned $4.75 earnings per share. Equities analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. One research 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’s stock. According to data from MarketBeat.com, Snap-on has an average rating of “Hold” and an average price target 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.