Snap-on Incorporated (NYSE:SNA) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Snap-on Incorporated (NYSE:SNAFree Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,869 shares of the company’s stock after selling 3,878 shares during the period. US Bancorp DE owned approximately 0.06% of Snap-on worth $9,783,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SNA. Checchi Capital Advisers LLC increased its holdings in Snap-on by 2.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,830 shares of the company’s stock valued at $529,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Snap-on by 17.2% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock valued at $79,000 after buying an additional 40 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in shares of Snap-on by 0.5% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 8,664 shares of the company’s stock valued at $2,503,000 after buying an additional 47 shares during the period. Contravisory Investment Management Inc. lifted its stake in Snap-on by 2.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company’s stock worth $570,000 after acquiring an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Snap-on by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 948 shares of the company’s stock valued at $274,000 after acquiring an additional 48 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-on Stock Up 0.2 %

Shares of Snap-on stock opened at $270.89 on Monday. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a 52-week low of $247.68 and a 52-week high of $298.49. The company has a market capitalization of $14.28 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a 50 day moving average of $281.80 and a 200 day moving average of $281.36.

Snap-on (NYSE:SNAGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 EPS. As a group, research analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s payout ratio is currently 39.03%.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the transaction, the chief financial officer now directly owns 95,661 shares in the company, valued at $26,014,052.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Aldo John Pagliari sold 7,522 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the completion of the sale, the chief financial officer now directly owns 95,661 shares of the company’s stock, valued at $26,014,052.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now directly owns 3,213 shares in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,115 shares of company stock valued at $14,180,274. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the topic of several research reports. Roth Mkm reissued a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Barrington Research reiterated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a report on Wednesday, May 22nd. Tigress Financial restated a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Finally, Robert W. Baird reduced their price objective on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Snap-on currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

Get Our Latest Stock Report on Snap-on

About Snap-on

(Free Report)

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.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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