Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 1,710 Shares of Snap-On Incorporated $SNA

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Snap-On Incorporated (NYSE:SNA) by 80.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,823 shares of the company’s stock after acquiring an additional 1,710 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Snap-On were worth $1,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BTC Capital Management Inc. lifted its stake in shares of Snap-On by 7.5% during the 4th quarter. BTC Capital Management Inc. now owns 16,329 shares of the company’s stock valued at $5,622,000 after buying an additional 1,143 shares in the last quarter. Brookstone Capital Management boosted its holdings in Snap-On by 14.7% in the 4th quarter. Brookstone Capital Management now owns 1,093 shares of the company’s stock worth $377,000 after buying an additional 140 shares during the period. Financial Planning Hawaii Inc. bought a new position in Snap-On in the 4th quarter worth approximately $791,000. Mn Services Vermogensbeheer B.V. grew its stake in Snap-On by 5.0% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 20,233 shares of the company’s stock valued at $6,972,000 after buying an additional 969 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its holdings in Snap-On by 4.6% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 23,933 shares of the company’s stock valued at $8,247,000 after acquiring an additional 1,056 shares during the period. 84.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNA has been the topic of several recent research reports. Tigress Financial increased their target price on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Robert W. Baird set a $375.00 price objective on Snap-On in a research note on Friday, February 6th. Roth Mkm reissued a “buy” rating and set a $409.00 price objective (up from $385.00) on shares of Snap-On in a report on Tuesday, February 10th. Wall Street Zen downgraded Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

Snap-On Price Performance

NYSE:SNA opened at $365.39 on Friday. Snap-On Incorporated has a 52-week low of $289.81 and a 52-week high of $390.13. The stock has a fifty day moving average of $373.15 and a 200 day moving average of $354.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.52 and a beta of 0.77.

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

Snap-On Announces Dividend

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

Insider Activity at Snap-On

In other Snap-On news, SVP Timothy L. Chambers sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 19,480 shares of the company’s stock, valued at $7,502,332.40. The trade was a 29.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 7,043 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the completion of the transaction, the chief financial officer directly owned 117,183 shares in the company, valued at $44,769,765.15. The trade was a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,650 shares of company stock valued at $15,210,959. Company insiders own 3.80% of the company’s stock.

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.