Snap-on Incorporated (NYSE:SNA) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC cut its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,831 shares of the company’s stock after selling 54 shares during the period. Snap-on comprises about 1.4% of Lindenwold Advisors INC’s investment portfolio, making the stock its 21st biggest holding. Lindenwold Advisors INC’s holdings in Snap-on were worth $2,658,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Metis Global Partners LLC lifted its position in shares of Snap-on by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,691 shares of the company’s stock worth $490,000 after purchasing an additional 32 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Snap-on by 6.5% during the third quarter. CIBC Asset Management Inc now owns 9,300 shares of the company’s stock worth $2,694,000 after purchasing an additional 571 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Snap-on by 4.4% during the third quarter. Natixis Advisors LLC now owns 66,438 shares of the company’s stock worth $19,248,000 after purchasing an additional 2,794 shares during the last quarter. Quest Partners LLC lifted its position in shares of Snap-on by 698.1% during the third quarter. Quest Partners LLC now owns 4,150 shares of the company’s stock worth $1,202,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of Snap-on by 5.5% during the third quarter. Pathstone Holdings LLC now owns 5,606 shares of the company’s stock worth $1,624,000 after purchasing an additional 291 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-on Stock Performance

SNA opened at $328.97 on Wednesday. The business’s 50 day moving average is $341.27 and its 200-day moving average is $330.74. The stock has a market cap of $17.24 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share 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 previous year, the firm earned $4.75 EPS. On average, analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a dividend of $2.14 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.60%. Snap-on’s dividend payout ratio is presently 43.90%.

Analyst Ratings Changes

SNA has been the topic of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial raised their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Snap-on has an average rating of “Hold” and an average target price of $346.40.

Insider Activity at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the transaction, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

Snap-on Company 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.