Legacy Financial Advisors Inc. Has $2 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Legacy Financial Advisors Inc. lowered its position in shares of Snap-on Incorporated (NYSE:SNA) by 10.3% during the fourth quarter, HoldingsChannel reports. The fund owned 5,895 shares of the company’s stock after selling 676 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Snap-on were worth $2,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Snap-on in the fourth quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on in the fourth quarter valued at approximately $28,000. CoreFirst Bank & Trust bought a new position in shares of Snap-on in the fourth quarter valued at approximately $40,000. Finally, TCTC Holdings LLC grew its holdings in shares of Snap-on by 41.3% in the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analyst Ratings Changes

SNA has been the subject of several research reports. Longbow Research raised Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Monday, March 31st. Tigress Financial lifted their price target on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.33.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the 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 of the company’s stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 36,011 shares of company stock valued at $12,116,859 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

Snap-on Price Performance

Shares of NYSE SNA opened at $329.77 on Thursday. The firm has a market cap of $17.29 billion, a PE ratio of 16.91, a PEG ratio of 2.21 and a beta of 0.84. The firm has a fifty day moving average of $334.56 and a 200 day moving average of $336.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90.

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 net margin of 21.71% and a return on equity of 19.20%. During the same quarter last year, the firm earned $4.75 EPS. As a group, research analysts predict 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 was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

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.