AE Wealth Management LLC cut its stake in shares of Snap-on Incorporated (NYSE:SNA – Get Rating) by 76.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,009 shares of the company’s stock after selling 3,344 shares during the period. AE Wealth Management LLC’s holdings in Snap-on were worth $207,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Concord Wealth Partners purchased a new stake in Snap-on during the 4th quarter valued at approximately $31,000. Northwest Investment Counselors LLC acquired a new stake in shares of Snap-on in the 4th quarter valued at approximately $32,000. Lumature Wealth Partners LLC boosted its stake in shares of Snap-on by 63.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Bromfield Sneider Wealth Advisors acquired a new position in Snap-on during the first quarter worth $38,000. Finally, Signaturefd LLC raised its position in Snap-on by 27.5% in the fourth quarter. Signaturefd LLC now owns 241 shares of the company’s stock worth $52,000 after acquiring an additional 52 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.
In other Snap-on news, CEO Nicholas T. Pinchuk sold 19,394 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the completion of the sale, the chief executive officer now owns 622,123 shares of the company’s stock, valued at $134,739,399.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is owned by company insiders.
NYSE SNA opened at $197.17 on Thursday. Snap-on Incorporated has a 12 month low of $190.08 and a 12 month high of $235.36. The company has a 50-day moving average of $209.09 and a 200-day moving average of $211.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.16 and a quick ratio of 2.32. The company has a market cap of $10.52 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.60 and a beta of 1.09.
Snap-on (NYSE:SNA – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $4.00 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.32. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 EPS. As a group, equities research analysts anticipate that Snap-on Incorporated will post 15.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 20th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, May 19th. Snap-on’s dividend payout ratio (DPR) is 36.81%.
Several equities research analysts have commented on the stock. MKM Partners assumed coverage on shares of Snap-on in a research report on Thursday, June 9th. They set a “neutral” rating and a $238.00 target price on the stock. Tigress Financial boosted their target price on shares of Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. Finally, StockNews.com assumed coverage on shares of Snap-on in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average price target of $254.50.
Snap-on Profile (Get Rating)
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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