Dakota Wealth Management Takes Position in Snap-On Incorporated $SNA

Dakota Wealth Management bought a new position in Snap-On Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,082 shares of the company’s stock, valued at approximately $2,785,000.

A number of other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Snap-On by 15.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,850 shares of the company’s stock worth $2,983,000 after purchasing an additional 1,185 shares during the period. Woodline Partners LP boosted its holdings in shares of Snap-On by 40.4% in the 1st quarter. Woodline Partners LP now owns 4,426 shares of the company’s stock valued at $1,492,000 after purchasing an additional 1,273 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Snap-On by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 113,356 shares of the company’s stock valued at $35,274,000 after buying an additional 11,650 shares during the period. Prudential Financial Inc. increased its holdings in shares of Snap-On by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 30,243 shares of the company’s stock worth $9,411,000 after buying an additional 124 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Snap-On by 2.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,002 shares of the company’s stock worth $623,000 after buying an additional 56 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Snap-On Stock Down 1.0%

NYSE SNA opened at $358.21 on Friday. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The business has a 50 day moving average price of $373.59 and a two-hundred day moving average price of $353.89. The stock has a market cap of $18.65 billion, a PE ratio of 18.67, a P/E/G ratio of 2.48 and a beta of 0.78.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, February 5th. The company reported $4.94 EPS for the quarter, topping analysts’ consensus estimates of $4.86 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.82 earnings per share. As a group, sell-side analysts predict that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a dividend of $2.44 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $9.76 annualized dividend and a yield of 2.7%. Snap-On’s payout ratio is 50.86%.

Insider Activity

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,229 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $383.36, for a total value of $8,905,069.44. Following the completion of the transaction, the chief executive officer directly owned 846,562 shares of the company’s stock, valued at $324,538,008.32. This represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP June C. Lemerand sold 1,378 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $387.57, for a total value of $534,071.46. Following the sale, the vice president owned 2,913 shares of the company’s stock, valued at $1,128,991.41. This represents a 32.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 39,650 shares of company stock worth $15,210,959. 3.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SNA shares. Roth Mkm reissued a “buy” rating and set a $409.00 price target (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Tigress Financial raised their price objective on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Robert W. Baird set a $375.00 target price on Snap-On in a report on Friday, February 6th. Finally, Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $377.33.

Snap-On Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.