Inspire Advisors LLC Has $1.15 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Inspire Advisors LLC increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,382 shares of the company’s stock after acquiring an additional 34 shares during the quarter. Inspire Advisors LLC’s holdings in Snap-on were worth $1,148,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Snap-on by 7.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,943 shares of the company’s stock valued at $2,357,000 after acquiring an additional 490 shares during the period. Isthmus Partners LLC lifted its stake in shares of Snap-on by 4.7% during the fourth quarter. Isthmus Partners LLC now owns 1,213 shares of the company’s stock valued at $412,000 after acquiring an additional 54 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Snap-on by 151.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,492 shares of the company’s stock valued at $22,573,000 after acquiring an additional 40,045 shares during the period. Personal CFO Solutions LLC acquired a new position in shares of Snap-on during the fourth quarter valued at $245,000. Finally, Amundi lifted its stake in shares of Snap-on by 137.0% during the fourth quarter. Amundi now owns 201,207 shares of the company’s stock valued at $68,039,000 after acquiring an additional 116,319 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Trading Down 0.6 %

NYSE:SNA opened at $340.01 on Tuesday. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. The business’s 50-day moving average price is $342.21 and its two-hundred day moving average price is $328.33. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $4.75 EPS. On average, equities analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio is currently 43.90%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SNA shares. Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $346.40.

Insider Transactions at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the sale, the chief financial officer now directly owns 107,096 shares in the company, valued at approximately $36,310,898.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,220 shares of company stock valued at $6,906,802 over the last 90 days. 4.10% of the stock is owned by company insiders.

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.