Belpointe Asset Management LLC boosted its position in Snap-on Incorporated (NYSE:SNA – Get Rating) by 26.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 981 shares of the company’s stock after buying an additional 207 shares during the quarter. Belpointe Asset Management LLC’s holdings in Snap-on were worth $224,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SNA. Copeland Capital Management LLC grew its position in Snap-on by 653.3% in the 4th quarter. Copeland Capital Management LLC now owns 113 shares of the company’s stock worth $25,000 after purchasing an additional 98 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Snap-on by 57.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Snap-on in the 4th quarter worth $32,000. Trustcore Financial Services LLC grew its position in Snap-on by 200.0% in the 3rd quarter. Trustcore Financial Services LLC now owns 150 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Snap-on by 7,566.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 230 shares of the company’s stock worth $47,000 after purchasing an additional 227 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Snap-on
In related news, VP Richard Thomas Miller sold 300 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $263.05, for a total value of $78,915.00. Following the transaction, the vice president now directly owns 2,042 shares of the company’s stock, valued at approximately $537,148.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Richard Thomas Miller sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $263.05, for a total value of $78,915.00. Following the transaction, the vice president now directly owns 2,042 shares in the company, valued at $537,148.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Anup R. Banerjee sold 29,750 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $259.55, for a total transaction of $7,721,612.50. Following the completion of the transaction, the senior vice president now owns 5,994 shares in the company, valued at $1,555,742.70. The disclosure for this sale can be found here. Insiders sold a total of 56,884 shares of company stock worth $14,194,715 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Snap-on Price Performance
SNA stock opened at $257.77 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 3.48 and a debt-to-equity ratio of 0.26. Snap-on Incorporated has a 12 month low of $190.08 and a 12 month high of $265.02. The firm has a market cap of $13.64 billion, a P/E ratio of 14.79, a P/E/G ratio of 2.11 and a beta of 1.09. The company’s 50-day moving average price is $245.81 and its two-hundred day moving average price is $241.50.
Snap-on (NYSE:SNA – Get Rating) last issued its quarterly earnings results on Thursday, April 20th. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.46. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. Snap-on had a net margin of 20.60% and a return on equity of 21.17%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.00 EPS. On average, analysts anticipate that Snap-on Incorporated will post 17.74 earnings per share for the current fiscal year.
Snap-on Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be paid a dividend of $1.62 per share. The ex-dividend date is Thursday, May 18th. This represents a $6.48 dividend on an annualized basis and a yield of 2.51%. Snap-on’s dividend payout ratio (DPR) is presently 37.18%.
Snap-On, Inc engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.
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