Snap-on Incorporated (NYSE:SNA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 5.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,297 shares of the company’s stock after selling 562 shares during the period. Mutual of America Capital Management LLC’s holdings in Snap-on were worth $2,974,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Avantax Planning Partners Inc. boosted its holdings in Snap-on by 3.5% in the 3rd quarter. Avantax Planning Partners Inc. now owns 1,131 shares of the company’s stock worth $288,000 after buying an additional 38 shares during the last quarter. Phoenix Wealth Advisors boosted its holdings in Snap-on by 3.1% in the 3rd quarter. Phoenix Wealth Advisors now owns 1,309 shares of the company’s stock worth $334,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Snap-on by 17.2% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock worth $79,000 after buying an additional 40 shares during the last quarter. Balentine LLC boosted its holdings in Snap-on by 4.5% in the 2nd quarter. Balentine LLC now owns 1,004 shares of the company’s stock worth $289,000 after buying an additional 43 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in Snap-on by 2.9% in the 1st quarter. Kolinsky Wealth Management LLC now owns 1,586 shares of the company’s stock worth $392,000 after buying an additional 44 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $325.00 price objective on shares of Snap-on in a report on Monday. Tigress Financial reiterated a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Finally, Roth Mkm restated a “buy” rating and set a $324.00 target price on shares of Snap-on in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on currently has a consensus rating of “Hold” and an average target price of $306.00.

Snap-on Trading Down 7.7 %

Shares of Snap-on stock opened at $261.76 on Friday. The stock has a market cap of $13.83 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.02 and a beta of 0.99. The stock’s 50 day simple moving average is $283.65 and its 200-day simple moving average is $278.16. Snap-on Incorporated has a 1-year low of $239.08 and a 1-year high of $298.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.81.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.42 EPS. Analysts predict that Snap-on Incorporated will post 19.22 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Friday, February 23rd. Snap-on’s payout ratio is presently 39.68%.

Insider Activity

In other news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction that occurred on 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 owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction that occurred on 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 owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now directly owns 93,183 shares in the company, valued at approximately $25,213,456.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,368 shares of company stock valued at $13,399,449. 4.10% of the stock is currently owned by company 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.