Crossmark Global Holdings Inc. Has $12.67 Million Stock Holdings in Snap-On Incorporated $SNA

Crossmark Global Holdings Inc. decreased its stake in shares of Snap-On Incorporated (NYSE:SNA) by 4.3% during the 3rd quarter, Holdings Channel reports. The firm owned 36,556 shares of the company’s stock after selling 1,656 shares during the period. Crossmark Global Holdings Inc.’s holdings in Snap-On were worth $12,668,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

SNA has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Roth Mkm reaffirmed a “buy” rating and issued 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 target price on Snap-On in a report on Friday, February 6th. Tigress Financial increased their price target on Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.33.

Snap-On Stock Down 0.4%

SNA opened at $382.15 on Friday. The stock has a fifty day moving average of $370.41 and a 200-day moving average of $349.33. The company has a market capitalization of $19.84 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.65 and a beta of 0.78. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79.

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

Snap-On Announces Dividend

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

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 23,229 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $383.36, for a total transaction of $8,905,069.44. Following the completion of the sale, the chief executive officer directly owned 846,562 shares in the company, valued at approximately $324,538,008.32. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP June C. Lemerand sold 1,378 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $387.57, for a total value of $534,071.46. Following the sale, the vice president directly owned 2,913 shares in the company, valued at approximately $1,128,991.41. This trade represents a 32.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 46,429 shares of company stock worth $17,598,523. 3.90% of the stock is owned by corporate insiders.

About Snap-On

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.