Snap-on Incorporated (NYSE:SNA) Holdings Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in shares of Snap-on Incorporated (NYSE:SNA) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,349 shares of the company’s stock after purchasing an additional 336 shares during the period. Kestra Private Wealth Services LLC’s holdings in Snap-on were worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northeast Investment Management purchased a new position in Snap-on during the 4th quarter worth approximately $212,000. WCM Investment Management LLC grew its position in Snap-on by 4.5% during the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock worth $247,000 after purchasing an additional 31 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Snap-on by 45.8% during the 4th quarter. Empirical Finance LLC now owns 5,906 shares of the company’s stock valued at $2,005,000 after acquiring an additional 1,856 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Snap-on by 0.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,143 shares of the company’s stock valued at $1,746,000 after acquiring an additional 46 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Snap-on by 2.4% during the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after acquiring an additional 2,460 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNA has been the topic of several research analyst reports. Bank of America boosted their price target 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. Roth Mkm boosted their price target on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target 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. Barrington Research restated an “outperform” rating and set a $350.00 price target on shares of Snap-on in a report on Monday. Finally, 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 report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and a consensus price target of $345.40.

Snap-on Trading Up 1.4 %

Shares of NYSE:SNA opened at $339.73 on Friday. The stock has a market capitalization of $17.84 billion, a PE ratio of 17.42, a P/E/G ratio of 2.13 and a beta of 0.99. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The firm has a fifty day moving average price of $345.73 and a 200 day moving average price of $320.72. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $4.75 earnings per share. Analysts expect that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.52%. Snap-on’s dividend payout ratio is 43.90%.

Insiders Place Their Bets

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the transaction, the vice president now owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the business’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 of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,643 shares of company stock valued at $13,580,191 in the last quarter. Insiders own 4.10% of the company’s stock.

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.