Snap-On Incorporated $SNA Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Snap-On Incorporated (NYSE:SNA) by 52.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,054 shares of the company’s stock after selling 8,893 shares during the quarter. SG Americas Securities LLC’s holdings in Snap-On were worth $2,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNA. BankPlus Trust Department lifted its position in shares of Snap-On by 5.9% during the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after purchasing an additional 30 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Snap-On by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock worth $2,546,000 after buying an additional 31 shares during the period. Cardinal Capital Management lifted its holdings in Snap-On by 0.3% during the 3rd quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock worth $3,880,000 after buying an additional 32 shares in the last quarter. MFA Wealth Services grew its stake in shares of Snap-On by 2.9% in the third quarter. MFA Wealth Services now owns 1,236 shares of the company’s stock worth $428,000 after acquiring an additional 35 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Snap-On by 0.7% during the third quarter. D.A. Davidson & CO. now owns 5,378 shares of the company’s stock worth $1,864,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Transactions at Snap-On

In other news, SVP Timothy L. Chambers sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was 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 directly owned 19,480 shares of the company’s stock, valued at approximately $7,502,332.40. The trade was a 29.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 7,043 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were 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. This trade represents a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,650 shares of company stock worth $15,210,959 over the last three months. 3.80% of the stock is currently owned by company insiders.

Snap-On Stock Performance

Shares of SNA opened at $365.39 on Friday. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. Snap-On Incorporated has a 52-week low of $289.81 and a 52-week high of $390.13. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $373.15 and a 200 day moving average price of $354.82.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.86 by $0.08. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm earned $4.82 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Research analysts predict 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. Shareholders of record on Tuesday, February 24th were paid a $2.44 dividend. This represents a $9.76 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, February 24th. Snap-On’s dividend payout ratio is currently 50.86%.

Analyst Ratings Changes

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

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.