TCTC Holdings LLC Has $50,000 Holdings in Snap-on Incorporated (NYSE:SNA)

TCTC Holdings LLC raised its position in shares of Snap-on Incorporated (NYSE:SNA) by 41.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 147 shares of the company’s stock after purchasing an additional 43 shares during the quarter. TCTC Holdings LLC’s holdings in Snap-on were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Snap-on during the 4th quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Snap-on during the 4th quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in Snap-on during the 3rd quarter valued at approximately $39,000. Finally, Private Trust Co. NA grew its position in shares of Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company’s stock worth $63,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Stock Performance

Shares of SNA stock opened at $329.04 on Tuesday. The firm has a 50 day moving average of $341.41 and a 200-day moving average of $330.42. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings results 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 net margin of 21.71% and a return on equity of 19.20%. During the same period in the prior year, the company posted $4.75 earnings per share. On average, equities analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.60%. The ex-dividend date was Monday, February 24th. Snap-on’s payout ratio is currently 43.90%.

Insider Activity at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. This trade represents a 96.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,220 shares of company stock valued at $6,906,802. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SNA has been the subject of several recent analyst reports. Tigress Financial raised their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $346.40.

Snap-on Company Profile

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.