Richwood Investment Advisors LLC Acquires 35 Shares of Snap-on Incorporated (NYSE:SNA)

Richwood Investment Advisors LLC boosted its holdings in Snap-on Incorporated (NYSE:SNA) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,053 shares of the company’s stock after purchasing an additional 35 shares during the period. Snap-on comprises about 0.9% of Richwood Investment Advisors LLC’s portfolio, making the stock its 25th largest holding. Richwood Investment Advisors LLC’s holdings in Snap-on were worth $1,036,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new position in Snap-on in the fourth quarter valued at $512,000. Vest Financial LLC grew its position in Snap-on by 2.4% in the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after purchasing an additional 2,460 shares in the last quarter. Sanctuary Advisors LLC grew its position in Snap-on by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after purchasing an additional 1,605 shares in the last quarter. World Investment Advisors LLC bought a new position in Snap-on in the third quarter valued at $19,291,000. Finally, Avanza Fonder AB bought a new position in Snap-on in the fourth quarter valued at $1,936,000. Institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In related news, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SNA shares. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial increased their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Snap-on currently has an average rating of “Hold” and a consensus target price of $346.40.

Snap-on Stock Performance

Shares of SNA stock opened at $327.59 on Friday. The company has a fifty day moving average price of $340.99 and a two-hundred day moving average price of $331.41. 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 stock has a market cap of $17.17 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) 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 firm posted $4.75 earnings per share. As a group, equities analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio is presently 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.