Snap-On Incorporated $SNA Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in shares of Snap-On Incorporated (NYSE:SNA) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,390 shares of the company’s stock after selling 840 shares during the quarter. Atria Investments Inc’s holdings in Snap-On were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Snap-On during the second quarter worth about $30,000. Ransom Advisory Ltd purchased a new stake in shares of Snap-On in the 1st quarter valued at approximately $34,000. Cullen Frost Bankers Inc. increased its holdings in shares of Snap-On by 248.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company’s stock worth $34,000 after buying an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Snap-On by 52.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock valued at $34,000 after buying an additional 38 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new position in Snap-On in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-On Price Performance

SNA stock opened at $337.31 on Tuesday. The business’s fifty day moving average price is $336.23 and its 200 day moving average price is $325.15. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $373.89. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $17.54 billion, a PE ratio of 17.69, a P/E/G ratio of 2.33 and a beta of 0.78.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 16th. The company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.12. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.Snap-On’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $4.70 EPS. On average, sell-side analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Snap-On’s dividend payout ratio is presently 44.89%.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 23,042 shares of Snap-On stock in a transaction on Monday, August 11th. The stock was sold at an average price of $320.88, for a total value of $7,393,716.96. Following the completion of the transaction, the chief executive officer directly owned 815,219 shares in the company, valued at approximately $261,587,472.72. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 125 shares of Snap-On stock in a transaction on Friday, August 15th. The shares were sold at an average price of $325.21, for a total value of $40,651.25. Following the completion of the transaction, the chief financial officer owned 111,721 shares of the company’s stock, valued at approximately $36,332,786.41. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,898 shares of company stock worth $8,983,203. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on SNA. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Tigress Financial increased their price target on Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Robert W. Baird raised their price objective on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Bank of America boosted their price objective on shares of Snap-On from $265.00 to $285.00 and gave the company an “underperform” rating in a report on Friday, July 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $350.00 target price on shares of Snap-On in a research note on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

About Snap-On

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.