Snap-on Incorporated (NYSE:SNA) Shares Bought by Norden Group LLC

Norden Group LLC increased its position in Snap-on Incorporated (NYSE:SNA) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,686 shares of the company’s stock after acquiring an additional 320 shares during the period. Norden Group LLC’s holdings in Snap-on were worth $912,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC acquired a new stake in shares of Snap-on in the fourth quarter valued at approximately $512,000. Vest Financial LLC grew its holdings in Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after buying an additional 2,460 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after acquiring an additional 67 shares during the period. Sanctuary Advisors LLC increased its position in Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after acquiring an additional 1,605 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Snap-on during the 3rd quarter valued at $19,291,000. 84.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $345.40.

Insider Activity

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

Snap-on Price Performance

NYSE SNA opened at $341.00 on Monday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The firm has a market capitalization of $17.87 billion, a PE ratio of 17.49, a P/E/G ratio of 2.21 and a beta of 0.99. The company’s 50 day simple moving average is $343.25 and its 200 day simple moving average is $326.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $4.75 EPS. As a group, equities research analysts forecast that Snap-on Incorporated will post 19.79 EPS 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. Shareholders 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 yield of 2.51%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is 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.