denkapparat Operations GmbH Acquires 2,558 Shares of Snap-On Incorporated $SNA

denkapparat Operations GmbH lifted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 229.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,674 shares of the company’s stock after purchasing an additional 2,558 shares during the period. denkapparat Operations GmbH’s holdings in Snap-On were worth $1,478,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SNA. DV Equities LLC bought a new stake in Snap-On in the fourth quarter valued at approximately $25,000. Western Wealth Management LLC bought a new stake in shares of Snap-On in the 1st quarter valued at $29,000. Quattro Advisors LLC bought a new stake in shares of Snap-On in the 4th quarter valued at $35,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock worth $36,000 after buying an additional 28 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Snap-On by 152.4% during the fourth quarter. Manchester Capital Management LLC now owns 106 shares of the company’s stock worth $37,000 after buying an additional 64 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on SNA shares. Robert W. Baird set a $415.00 price target on Snap-On in a report on Friday, July 24th. Tigress Financial raised their target price on Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Friday, July 17th. Barclays assumed coverage on shares of Snap-On in a research report on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective for the company. Finally, Roth Capital reissued a “buy” rating and set a $461.00 target price (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.20.

Snap-On Stock Up 0.9%

Snap-On stock opened at $383.98 on Friday. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. The firm’s fifty day moving average price is $403.39 and its two-hundred day moving average price is $385.47. Snap-On Incorporated has a 1-year low of $320.80 and a 1-year high of $423.02. The company has a current ratio of 3.43, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, July 23rd. The company reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.95 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 EPS. On average, equities research analysts predict that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $2.44 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. Snap-On’s payout ratio is presently 49.77%.

Insider Buying and Selling at Snap-On

In related news, CFO Aldo Pagliari sold 5,531 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $404.25, for a total value of $2,235,906.75. Following the completion of the sale, the chief financial officer directly owned 120,644 shares of the company’s stock, valued at approximately $48,770,337. This represents a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Marty V. Ozolins sold 800 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $400.00, for a total value of $320,000.00. Following the transaction, the vice president owned 1,526 shares in the company, valued at approximately $610,400. This trade represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,398 shares of company stock valued at $18,298,580 in the last three months. Insiders own 3.80% of the company’s stock.

Snap-On 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.