Snap-on Incorporated (NYSE:SNA) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC lifted its holdings in Snap-on Incorporated (NYSE:SNA) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,906 shares of the company’s stock after acquiring an additional 1,856 shares during the period. Empirical Finance LLC’s holdings in Snap-on were worth $2,005,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Snap-on in the fourth quarter worth about $28,000. Reston Wealth Management LLC acquired a new stake in shares of Snap-on in the third quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on in the third quarter valued at about $39,000. Finally, nVerses Capital LLC purchased a new stake in shares of Snap-on during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock opened at $338.05 on Monday. The firm has a fifty day moving average of $347.82 and a two-hundred day moving average of $319.63. The firm has a market cap of $17.75 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.13 and a beta of 0.99. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 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 in the prior year, the business earned $4.75 earnings per share. As a group, research analysts anticipate that Snap-on Incorporated will post 20.07 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the sale, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SNA shares. Barrington Research reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Snap-on in a research report on Monday, February 3rd. Tigress Financial raised their price target on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America boosted their price objective on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. Robert W. Baird upped their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Roth Mkm boosted their price target on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $347.40.

Snap-on 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.