1,576 Shares in Snap-on Incorporated (NYSE:SNA) Acquired by Haven Private LLC

Haven Private LLC acquired a new stake in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,576 shares of the company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aurora Investment Counsel increased its holdings in shares of Snap-on by 0.9% in the 3rd quarter. Aurora Investment Counsel now owns 3,549 shares of the company’s stock valued at $1,028,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock valued at $344,000 after acquiring an additional 30 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Snap-on by 4.5% in the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock valued at $247,000 after acquiring an additional 31 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in shares of Snap-on by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock valued at $2,412,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares in the company, valued at $273,126,134.54. This represents a 2.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,003 shares of company stock worth $14,636,064. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNA has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. Tigress Financial boosted their price objective on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $346.40.

Snap-on Stock Performance

Shares of SNA stock opened at $334.01 on Friday. 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 Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The stock’s 50-day moving average is $342.48 and its two-hundred day moving average is $327.12. The firm has a market cap of $17.50 billion, a P/E ratio of 17.13, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 last year, the company posted $4.75 EPS. Analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.56%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

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.