Snap-on Incorporated (NYSE:SNA) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411 shares of the company’s stock after selling 50 shares during the period. Geneos Wealth Management Inc.’s holdings in Snap-on were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SNA. Clear Street Markets LLC increased its holdings in shares of Snap-on by 96.3% in the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock worth $26,000 after acquiring an additional 52 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of 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 acquiring an additional 47 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of Snap-on in the 4th quarter worth about $33,000. Peoples Bank KS acquired a new stake in shares of Snap-on in the 3rd quarter worth about $40,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Snap-on in the 4th quarter worth about $43,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Snap-on Stock Performance

Shares of SNA opened at $285.83 on Tuesday. Snap-on Incorporated has a 52-week low of $238.90 and a 52-week high of $298.49. The company has a quick ratio of 2.81, a current ratio of 3.88 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $284.18 and a 200 day moving average price of $278.04. The firm has a market capitalization of $15.10 billion, a PE ratio of 15.24, a P/E/G ratio of 2.07 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.38% and a return on equity of 20.89%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $4.42 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.22 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio is presently 39.68%.

Insider Buying and Selling at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the sale, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Snap-on news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the sale, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now directly owns 3,213 shares of the company’s stock, valued at $957,988.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,368 shares of company stock valued at $13,399,449. 4.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNA. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Barrington Research reiterated an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Snap-on presently has a consensus rating of “Hold” and a consensus target price of $306.00.

Snap-on Company 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.