Lester Murray Antman dba SimplyRich Acquires 77 Shares of Snap-on Incorporated (NYSE:SNA)

Lester Murray Antman dba SimplyRich increased its holdings in Snap-on Incorporated (NYSE:SNA) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 770 shares of the company’s stock after acquiring an additional 77 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Snap-on were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management lifted its holdings in shares of Snap-on by 25.4% in the third quarter. Brookstone Capital Management now owns 1,116 shares of the company’s stock worth $323,000 after buying an additional 226 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Snap-on by 30.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,478 shares of the company’s stock valued at $1,297,000 after acquiring an additional 1,056 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Snap-on by 7.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,480 shares of the company’s stock worth $718,000 after purchasing an additional 170 shares in the last quarter. Empirical Asset Management LLC lifted its stake in Snap-on by 105.0% in the 3rd quarter. Empirical Asset Management LLC now owns 2,040 shares of the company’s stock worth $591,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Snap-on by 4.7% during the 3rd quarter. Creative Planning now owns 9,909 shares of the company’s stock valued at $2,871,000 after purchasing an additional 446 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 completion of the transaction, the senior vice president now owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares in the company, 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 ninety days, insiders sold 38,643 shares of company stock valued at $13,580,191. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNA. Robert W. Baird lifted their target price on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Bank of America lifted their price objective on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research note on Friday, October 18th. Tigress Financial increased their target price on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Roth Mkm boosted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research note on Monday. 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. Based on data from MarketBeat, Snap-on has a consensus rating of “Hold” and a consensus price target of $345.40.

Snap-on Price Performance

Shares of Snap-on stock opened at $336.77 on Wednesday. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.15. The stock has a 50 day moving average price of $346.73 and a 200-day moving average price of $320.49. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping 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 quarter last year, the business earned $4.75 earnings per share. Equities analysts expect that Snap-on Incorporated will post 20.07 EPS for the current year.

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.