Cobblestone Capital Advisors LLC NY Buys Shares of 640 Snap-on Incorporated (NYSE:SNA)

Cobblestone Capital Advisors LLC NY acquired a new position in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 640 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC acquired a new stake in Snap-on in the fourth quarter worth about $512,000. Vest Financial LLC boosted its stake in Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after purchasing an additional 2,460 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock worth $5,764,000 after purchasing an additional 67 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after purchasing an additional 1,605 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Snap-on in the 3rd quarter worth approximately $19,291,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Trading Up 1.2 %

NYSE SNA opened at $341.00 on Friday. The company has a market capitalization of $17.87 billion, a PE ratio of 17.49, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a fifty day moving average of $343.25 and a 200 day moving average of $325.92. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the firm posted $4.75 earnings per share. Research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is presently 43.90%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average price target of $345.40.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value of $1,270,010.00. Following the completion of the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,503 shares of company stock worth $15,906,074 in the last three months. Company insiders own 4.10% of the company’s stock.

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.