Choreo LLC Invests $272,000 in Snap-on Incorporated (NYSE:SNA)

Choreo LLC bought a new position in shares of Snap-on Incorporated (NYSE:SNAFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 917 shares of the company’s stock, valued at approximately $272,000.

Other large investors also recently made changes to their positions in the company. Royal London Asset Management Ltd. grew its holdings in shares of Snap-on by 12.7% during the third quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock worth $5,751,000 after purchasing an additional 2,542 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Snap-on during the fourth quarter worth $1,119,000. Rockland Trust Co. acquired a new position in shares of Snap-on during the first quarter valued at $889,000. Goldman Sachs Group Inc. lifted its stake in shares of Snap-on by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 271,436 shares of the company’s stock valued at $78,401,000 after acquiring an additional 28,566 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Snap-on during the fourth quarter valued at $1,203,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,220 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total value of $6,461,896.00. Following the completion of the transaction, the chief executive officer now directly owns 750,663 shares in the company, valued at $200,276,888.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Nicholas T. Pinchuk sold 24,220 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total value of $6,461,896.00. Following the completion of the sale, the chief executive officer now directly owns 750,663 shares of the company’s stock, valued at $200,276,888.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jesus Arregui sold 8,434 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $265.17, for a total value of $2,236,443.78. Following the completion of the sale, the senior vice president now directly owns 252 shares of the company’s stock, valued at $66,822.84. The disclosure for this sale can be found here. Insiders sold a total of 38,632 shares of company stock worth $10,353,409 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNA has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Wednesday, May 22nd. Robert W. Baird cut their price target 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. Finally, Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Snap-on presently has an average rating of “Moderate Buy” and an average price target of $316.75.

Check Out Our Latest Stock Analysis on Snap-on

Snap-on Trading Up 0.8 %

NYSE:SNA opened at $257.41 on Tuesday. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49. The business’s 50-day moving average price is $268.89 and its two-hundred day moving average price is $278.63. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.77 and a beta of 0.98.

Snap-on (NYSE:SNAGet Free Report) last announced its quarterly earnings results 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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.60 earnings per share. On average, equities analysts expect that Snap-on Incorporated will post 19.01 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were paid a $1.86 dividend. The ex-dividend date was Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a yield of 2.89%. Snap-on’s dividend payout ratio is 39.03%.

Snap-on Company Profile

(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.

See Also

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

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