Private Advisor Group LLC Sells 130 Shares of Snap-on Incorporated (NYSE:SNA)

Private Advisor Group LLC cut its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,519 shares of the company’s stock after selling 130 shares during the period. Private Advisor Group LLC’s holdings in Snap-on were worth $3,232,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SNA. Creative Planning lifted its position in shares of Snap-on by 4.7% during the 3rd quarter. Creative Planning now owns 9,909 shares of the company’s stock worth $2,871,000 after buying an additional 446 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Snap-on by 122.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,480 shares of the company’s stock worth $2,746,000 after acquiring an additional 5,212 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Snap-on in the third quarter worth about $218,000. International Assets Investment Management LLC boosted its stake in shares of Snap-on by 34,381.0% in the 3rd quarter. International Assets Investment Management LLC now owns 130,338 shares of the company’s stock valued at $37,760,000 after purchasing an additional 129,960 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Snap-on by 10.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,906 shares of the company’s stock valued at $842,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Stock Performance

Shares of SNA stock opened at $335.87 on Monday. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89. The firm has a 50-day moving average of $343.79 and a 200-day moving average of $323.95. 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 company has a market cap of $17.60 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating 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 in the prior year, the business earned $4.75 earnings per share. Equities research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared 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. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is currently 43.90%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $345.40.

Insider Activity 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 transaction, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,503 shares of company stock worth $15,906,074. 4.10% of the stock is owned by company insiders.

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.