1,798 Shares in Snap-On Incorporated $SNA Bought by Allstate Corp

Allstate Corp acquired a new stake in shares of Snap-On Incorporated (NYSE:SNA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,798 shares of the company’s stock, valued at approximately $623,000.

A number of other large investors have also added to or reduced their stakes in SNA. Tobam bought a new stake in shares of Snap-On in the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC bought a new position in shares of Snap-On during the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Snap-On by 97.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in Snap-On in the third quarter valued at approximately $36,000. 84.88% of the stock is currently owned by institutional investors.

Snap-On Stock Performance

Shares of SNA stock opened at $372.19 on Friday. The business has a fifty day moving average of $348.91 and a 200 day moving average of $337.88. Snap-On Incorporated has a 1 year low of $289.81 and a 1 year high of $375.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80.

Snap-On Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were paid a $2.44 dividend. The ex-dividend date was Friday, November 21st. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 annualized dividend and a dividend yield of 2.6%. Snap-On’s dividend payout ratio (DPR) is 51.18%.

Insider Transactions at Snap-On

In related news, SVP Jesus Arregui sold 3,831 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $337.28, for a total value of $1,292,119.68. Following the sale, the senior vice president owned 2,642 shares in the company, valued at $891,093.76. This represents a 59.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Thomas Miller sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $348.27, for a total transaction of $696,540.00. Following the completion of the transaction, the vice president owned 4,158 shares in the company, valued at approximately $1,448,106.66. This trade represents a 32.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 40,036 shares of company stock worth $13,710,988. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SNA shares. Robert W. Baird upped their price target on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Tigress Financial boosted their target price on Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Barrington Research reaffirmed an “outperform” rating and set a $350.00 target price on shares of Snap-On in a research report on Wednesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $385.00 price target on shares of Snap-On in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $365.00.

About Snap-On

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.