J.W. Cole Advisors Inc. Buys 130 Shares of Snap-on Incorporated (NYSE:SNA)

J.W. Cole Advisors Inc. boosted its stake in shares of Snap-on Incorporated (NYSE:SNA) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,372 shares of the company’s stock after buying an additional 130 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Snap-on were worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. grew 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 purchasing an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on during the fourth quarter valued at approximately $28,000. Reston Wealth Management LLC bought a new position in Snap-on in the 3rd quarter worth $30,000. Brooklyn Investment Group bought a new position in Snap-on in the third quarter worth about $39,000. Finally, nVerses Capital LLC purchased a new stake in Snap-on in the third quarter worth about $58,000. 84.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNA has been the subject of several research reports. Barrington Research reissued an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Roth Mkm raised their price objective on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Tigress Financial upped their target price on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $345.40.

Insider Activity at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at $830,586.54. This represents a 60.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 769,738 shares of the company’s stock, valued at $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,643 shares of company stock valued at $13,580,191. 4.10% of the stock is owned by corporate insiders.

Snap-on Stock Up 1.0 %

Shares of NYSE:SNA opened at $342.42 on Wednesday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.13 and a beta of 0.99. The stock has a fifty day simple moving average of $345.04 and a two-hundred day simple moving average of $322.05. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 2.50%. Snap-on’s payout ratio is currently 43.90%.

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.