Kestra Private Wealth Services LLC Increases Position in Snap-On Incorporated (NYSE:SNA)

Kestra Private Wealth Services LLC boosted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,526 shares of the company’s stock after acquiring an additional 177 shares during the period. Kestra Private Wealth Services LLC’s holdings in Snap-On were worth $1,188,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mizuho Securities USA LLC raised its holdings in Snap-On by 45.7% in the 4th quarter. Mizuho Securities USA LLC now owns 4,976 shares of the company’s stock valued at $1,689,000 after buying an additional 1,560 shares during the period. American Century Companies Inc. increased its stake in Snap-On by 14.4% during the fourth quarter. American Century Companies Inc. now owns 76,348 shares of the company’s stock worth $25,919,000 after purchasing an additional 9,596 shares during the period. LPL Financial LLC increased its stake in Snap-On by 25.5% during the fourth quarter. LPL Financial LLC now owns 73,764 shares of the company’s stock worth $25,042,000 after purchasing an additional 14,985 shares during the period. Vanguard Group Inc. increased its stake in Snap-On by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company’s stock worth $2,174,233,000 after purchasing an additional 19,328 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in Snap-On during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Activity

In related news, CFO Aldo John Pagliari sold 5,553 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $326.84, for a total value of $1,814,942.52. Following the sale, the chief financial officer directly owned 109,560 shares of the company’s stock, valued at $35,808,590.40. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen L. Daniel sold 1,090 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the transaction, the director owned 8,030 shares in the company, valued at $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,815 shares of company stock worth $9,482,532. 3.90% of the stock is currently owned by insiders.

Snap-On Trading Down 0.7%

NYSE SNA opened at $330.26 on Thursday. Snap-On Incorporated has a 12 month low of $266.56 and a 12 month high of $373.90. The company has a 50-day moving average of $319.11 and a 200-day moving average of $327.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42. The company has a market cap of $17.23 billion, a P/E ratio of 17.61, a P/E/G ratio of 2.31 and a beta of 0.76.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.11. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $5.07 earnings per share. Snap-On’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SNA shares. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research note on Tuesday, July 15th. Bank of America increased their price target on shares of Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a research note on Friday, July 18th. Robert W. Baird increased their price target on shares of Snap-On from $329.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Longbow Research raised Snap-On from a “neutral” rating to a “buy” rating and set a $400.00 price target for the company in a report on Monday, March 31st. Finally, Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $356.17.

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.