Jacobs & Co. CA Sells 395 Shares of Snap-on Incorporated (NYSE:SNA)

Jacobs & Co. CA trimmed its stake in shares of Snap-on Incorporated (NYSE:SNA) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,102 shares of the company’s stock after selling 395 shares during the quarter. Jacobs & Co. CA’s holdings in Snap-on were worth $4,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Street Markets LLC raised its stake in shares of Snap-on by 96.3% during the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after purchasing an additional 52 shares during the period. BKM Wealth Management LLC purchased a new position in Snap-on during the fourth quarter worth about $33,000. Parkside Financial Bank & Trust grew its position in Snap-on by 57.3% during the first quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after buying an additional 47 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Snap-on during the fourth quarter worth about $43,000. Finally, Quarry LP grew its position in Snap-on by 384.4% during the second quarter. Quarry LP now owns 155 shares of the company’s stock worth $45,000 after buying an additional 123 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNA shares. Tigress Financial restated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Friday, February 16th. Barrington Research restated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average target price of $306.00.

Insider Transactions at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Anup R. Banerjee sold 12,397 shares of Snap-on stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $283.13, for a total value of $3,509,962.61. Following the sale, the senior vice president now directly owns 11,420 shares of the company’s stock, valued at $3,233,344.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of Snap-on stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the transaction, the chief executive officer now owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Insiders have sold a total of 46,664 shares of company stock worth $13,189,544 in the last ninety days. Insiders own 4.10% of the company’s stock.

Snap-on Stock Up 2.1 %

SNA stock opened at $296.94 on Thursday. The business has a 50 day moving average of $283.38 and a 200 day moving average of $274.79. The company has a quick ratio of 2.81, a current ratio of 3.88 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a twelve month low of $226.68 and a twelve month high of $297.61. The firm has a market cap of $15.69 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $4.42 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Snap-on Incorporated will post 19.21 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.51%. Snap-on’s dividend payout ratio (DPR) is currently 39.68%.

Snap-on Profile

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.