Autumn Glory Partners LLC Sells 30 Shares of Snap-on Incorporated (NYSE:SNA)

Autumn Glory Partners LLC trimmed its position in Snap-on Incorporated (NYSE:SNA) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,390 shares of the company’s stock after selling 30 shares during the quarter. Autumn Glory Partners LLC’s holdings in Snap-on were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after buying an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on during the fourth quarter valued at $28,000. Reston Wealth Management LLC purchased a new position in shares of Snap-on during the third quarter valued at $30,000. Brooklyn Investment Group purchased a new position in shares of Snap-on during the third quarter valued at $39,000. Finally, nVerses Capital LLC purchased a new position in shares of Snap-on during the third quarter valued at $58,000. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SNA shares. Barrington Research restated an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Robert W. Baird lifted their target price on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Bank of America lifted their target price on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research note on Friday, October 18th. Roth Mkm lifted their target price on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Tigress Financial lifted their target price on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $345.40.

Insider Transactions at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares in the company, valued at $273,126,134.54. This represents a 2.75 % 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, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the sale, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,643 shares of company stock worth $13,580,191. Insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock opened at $339.12 on Friday. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.15. The stock’s 50-day simple moving average is $345.36 and its 200-day simple moving average is $321.13.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the business earned $4.75 EPS. As a group, equities analysts forecast that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.52%. Snap-on’s payout ratio is 43.90%.

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.