Blue Trust Inc. Purchases 225 Shares of Snap-on Incorporated (NYSE:SNA)

Blue Trust Inc. grew its position in shares of Snap-on Incorporated (NYSE:SNA) by 6.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,821 shares of the company’s stock after buying an additional 225 shares during the quarter. Blue Trust Inc.’s holdings in Snap-on were worth $1,297,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in shares of Snap-on by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after purchasing an additional 67 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after purchasing an additional 1,605 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Snap-on during the third quarter valued at approximately $19,291,000. Avanza Fonder AB bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $1,936,000. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Snap-on by 220.7% during the third quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company’s stock valued at $787,000 after purchasing an additional 1,869 shares during the last quarter. 84.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the 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 sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction 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 approximately $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,192 shares of company stock worth $11,400,978. Company insiders own 4.10% of the company’s stock.

Snap-on Trading Down 0.0 %

SNA opened at $352.59 on Wednesday. The firm’s fifty day moving average is $350.33 and its two-hundred day moving average is $315.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The firm has a market cap of $18.51 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89.

Snap-on Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a $2.14 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 annualized dividend and a yield of 2.43%. Snap-on’s dividend payout ratio (DPR) is 44.06%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Roth Mkm increased their price target on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on shares of Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a report on Friday, October 18th. Barrington Research increased their price objective on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Tigress Financial increased their price objective on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $345.40.

Snap-on 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.