Tempus Wealth Planning LLC Boosts Stake in Snap-on Incorporated (NYSE:SNA)

Tempus Wealth Planning LLC lifted its holdings in Snap-on Incorporated (NYSE:SNA) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,355 shares of the company’s stock after buying an additional 117 shares during the period. Tempus Wealth Planning LLC’s holdings in Snap-on were worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. boosted 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 worth $25,000 after buying an additional 31 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Snap-on in the third quarter worth about $30,000. Massmutual Trust Co. FSB ADV boosted its stake in Snap-on by 53.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 44 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Snap-on in the 3rd quarter worth approximately $39,000. Finally, nVerses Capital LLC purchased a new position in Snap-on in the third quarter valued at approximately $58,000. 84.88% of the stock is currently owned by institutional investors.

Snap-on Price Performance

SNA stock opened at $351.98 on Tuesday. The firm has a 50 day moving average of $349.59 and a 200-day moving average of $317.51. The company has a current ratio of 4.18, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18.48 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89.

Snap-on Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, November 21st. This is an increase from Snap-on’s previous quarterly dividend of $1.86. Snap-on’s dividend payout ratio (DPR) is 44.06%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SNA shares. Roth Mkm boosted their price objective on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Tigress Financial boosted their price target on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Snap-on in a report on Monday. Robert W. Baird lifted their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Bank of America increased their target price on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. One equities 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $347.40.

Insider Activity

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by insiders.

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.