WCM Investment Management LLC Buys 31 Shares of Snap-on Incorporated (NYSE:SNA)

WCM Investment Management LLC boosted its stake in Snap-on Incorporated (NYSE:SNA) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 727 shares of the company’s stock after acquiring an additional 31 shares during the quarter. WCM Investment Management LLC’s holdings in Snap-on were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brookstone Capital Management lifted its stake in shares of Snap-on by 25.4% in the 3rd quarter. Brookstone Capital Management now owns 1,116 shares of the company’s stock valued at $323,000 after acquiring an additional 226 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Snap-on by 30.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,478 shares of the company’s stock worth $1,297,000 after purchasing an additional 1,056 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its position in Snap-on by 7.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,480 shares of the company’s stock valued at $718,000 after purchasing an additional 170 shares during the last quarter. Orca Investment Management LLC boosted its stake in shares of Snap-on by 6.7% during the third quarter. Orca Investment Management LLC now owns 4,078 shares of the company’s stock valued at $1,181,000 after purchasing an additional 255 shares in the last quarter. Finally, Empirical Asset Management LLC grew its holdings in shares of Snap-on by 105.0% during the third quarter. Empirical Asset Management LLC now owns 2,040 shares of the company’s stock worth $591,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares in the company, valued at approximately $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the sale, the vice president now directly owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. This trade represents a 60.46 % 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 corporate insiders.

Analysts Set New Price Targets

SNA has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday. Roth Mkm lifted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. 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 research note on Friday, October 18th. Robert W. Baird raised their target price on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Tigress Financial upped their price target on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One 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 stock. Based on data from MarketBeat.com, Snap-on has an average rating of “Hold” and an average target price of $345.40.

Snap-on Price Performance

Shares of NYSE SNA opened at $340.38 on Tuesday. The company has a market capitalization of $17.87 billion, a PE ratio of 17.46, a P/E/G ratio of 2.13 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.15 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 $373.89. The firm has a fifty day simple moving average of $347.29 and a 200 day simple moving average of $320.10.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 period last year, the firm posted $4.75 earnings per share. On average, sell-side analysts forecast that Snap-on Incorporated will post 20.07 EPS for the current year.

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.