Vest Financial LLC Boosts Stake in Snap-on Incorporated (NYSE:SNA)

Vest Financial LLC boosted its holdings in Snap-on Incorporated (NYSE:SNA) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,987 shares of the company’s stock after acquiring an additional 2,460 shares during the quarter. Vest Financial LLC’s holdings in Snap-on were worth $34,962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Czech National Bank lifted its stake in shares of Snap-on by 6.8% in the third quarter. Czech National Bank now owns 10,732 shares of the company’s stock valued at $3,109,000 after purchasing an additional 685 shares during the period. Brookstone Capital Management boosted its position in Snap-on by 25.4% during the third quarter. Brookstone Capital Management now owns 1,116 shares of the company’s stock worth $323,000 after purchasing an additional 226 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in Snap-on in the third quarter valued at $282,000. JGP Wealth Management LLC increased its position in shares of Snap-on by 4.1% in the third quarter. JGP Wealth Management LLC now owns 3,206 shares of the company’s stock valued at $929,000 after buying an additional 127 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Snap-on by 19.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 29,600 shares of the company’s stock worth $8,572,000 after buying an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the firm’s 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 transaction, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is owned by company insiders.

Snap-on Trading Down 0.5 %

Shares of SNA opened at $338.05 on Friday. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The stock has a fifty day moving average of $348.45 and a two-hundred day moving average of $318.53. 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 company has a market capitalization of $17.75 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.13 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 earnings per share (EPS) 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 period last year, the business posted $4.75 EPS. As a group, analysts forecast that Snap-on Incorporated will post 20.07 EPS for the current year.

Analyst Ratings Changes

SNA has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $360.00 price objective on shares of Snap-on in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Tigress Financial upped 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. Bank of America raised their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Finally, Roth Mkm upped 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. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $347.40.

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.