BankPlus Trust Department Makes New $173,000 Investment in Snap-on Incorporated (NYSE:SNA)

BankPlus Trust Department purchased a new position in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 511 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after buying an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on in the fourth quarter worth $28,000. Reston Wealth Management LLC purchased a new position in shares of Snap-on in the third quarter worth $30,000. Brooklyn Investment Group purchased a new position in shares of Snap-on in the third quarter worth $39,000. Finally, Asset Planning Inc purchased a new position in shares of Snap-on in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,503 shares of company stock valued at $15,906,074. Corporate insiders own 4.10% of the company’s stock.

Snap-on Trading Up 0.1 %

Shares of Snap-on stock opened at $336.11 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm has a fifty day moving average price of $343.47 and a 200 day moving average price of $324.38. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The stock has a market cap of $17.61 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the firm earned $4.75 earnings per share. Equities research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.55%. Snap-on’s payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $345.40.

About Snap-on

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.