Drucker Wealth 3.0 LLC Acquires 1,378 Shares of Snap-On Incorporated $SNA

Drucker Wealth 3.0 LLC raised its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 121.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,510 shares of the company’s stock after buying an additional 1,378 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Snap-On were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SNA. Tobam bought a new stake in shares of Snap-On during the 2nd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC lifted its position in Snap-On by 97.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Snap-On by 1,880.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Quent Capital LLC bought a new position in shares of Snap-On in the 3rd quarter worth $36,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Snap-On during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SNA shares. Wall Street Zen lowered shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and set a $409.00 price objective (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Robert W. Baird set a $375.00 price objective on Snap-On in a report on Friday, February 6th. Finally, Tigress Financial boosted their price objective on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snap-On has an average rating of “Moderate Buy” and an average price target of $370.67.

Snap-On Stock Performance

Shares of SNA opened at $381.59 on Wednesday. Snap-On Incorporated has a one year low of $289.81 and a one year high of $390.13. The company has a 50-day simple moving average of $361.93 and a two-hundred day simple moving average of $344.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.79 and a quick ratio of 3.68. The firm has a market capitalization of $19.81 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.65 and a beta of 0.81.

Snap-On (NYSE:SNA) last released its earnings results on Thursday, February 5th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business posted $4.82 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be issued a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, February 24th. Snap-On’s dividend payout ratio is 50.86%.

Insiders Place Their Bets

In other Snap-On news, VP Richard Thomas Miller sold 2,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $348.27, for a total transaction of $696,540.00. Following the completion of the sale, the vice president directly owned 4,158 shares in the company, valued at approximately $1,448,106.66. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aldo John Pagliari sold 6,779 shares of Snap-On stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $352.20, for a total transaction of $2,387,563.80. Following the completion of the transaction, the chief financial officer directly owned 111,888 shares of the company’s stock, valued at $39,406,953.60. This trade represents a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,036 shares of company stock valued at $16,792,028. Company insiders own 3.90% of the company’s stock.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.