Financial Planning Hawaii Inc. Acquires New Position in Snap-On Incorporated $SNA

Financial Planning Hawaii Inc. bought a new position in Snap-On Incorporated (NYSE:SNA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,294 shares of the company’s stock, valued at approximately $791,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GoalVest Advisory LLC acquired a new stake in shares of Snap-On in the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its stake in Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Quent Capital LLC purchased a new stake in Snap-On in the 3rd quarter valued at $36,000. CoreFirst Bank & Trust purchased a new stake in Snap-On in the 2nd quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Snap-On in the 2nd quarter worth $43,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Tigress Financial boosted their price target on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen cut shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Robert W. Baird set a $375.00 target price on shares of Snap-On in a research note on Friday, February 6th. Roth Mkm reiterated a “buy” rating and issued a $409.00 target price (up from $385.00) on shares of Snap-On in a report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snap-On has an average rating of “Moderate Buy” and an average target price of $372.80.

Snap-On Stock Down 0.8%

Shares of NYSE:SNA opened at $356.30 on Tuesday. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.48 and a beta of 0.78. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $390.13. The business has a 50-day moving average price of $373.49 and a 200 day moving average price of $354.27. The company has a current ratio of 4.79, a quick ratio of 3.68 and a debt-to-equity ratio of 0.20.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, February 5th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. The company 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%. Snap-On’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.82 earnings per share. Sell-side analysts expect that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Dividend Announcement

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

Insider Transactions at Snap-On

In other news, CFO Aldo John Pagliari sold 7,043 shares of Snap-On stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total value of $2,690,778.15. Following the completion of the sale, the chief financial officer directly owned 117,183 shares of the company’s stock, valued at approximately $44,769,765.15. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy L. Chambers sold 8,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $385.13, for a total value of $3,081,040.00. Following the completion of the sale, the senior vice president owned 19,480 shares in the company, valued at $7,502,332.40. This represents a 29.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,650 shares of company stock valued at $15,210,959 over the last three months. 3.80% of the stock is currently owned by company insiders.

Snap-On Company 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.