F M Investments LLC Has $2.32 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

F M Investments LLC grew its stake in shares of Snap-on Incorporated (NYSE:SNA) by 19.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,847 shares of the company’s stock after buying an additional 1,122 shares during the quarter. F M Investments LLC’s holdings in Snap-on were worth $2,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tandem Investment Partners LLC acquired a new position in Snap-on during the 4th quarter worth approximately $445,000. APG Asset Management N.V. increased its holdings in shares of Snap-on by 166.1% during the fourth quarter. APG Asset Management N.V. now owns 47,100 shares of the company’s stock valued at $15,441,000 after acquiring an additional 29,400 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Snap-on by 0.9% during the fourth quarter. Advisory Services Network LLC now owns 14,413 shares of the company’s stock worth $4,893,000 after purchasing an additional 133 shares during the period. Twin Capital Management Inc. raised its position in shares of Snap-on by 0.9% during the fourth quarter. Twin Capital Management Inc. now owns 14,696 shares of the company’s stock worth $4,989,000 after purchasing an additional 129 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Snap-on by 0.3% in the 4th quarter. Invesco Ltd. now owns 637,318 shares of the company’s stock worth $216,357,000 after purchasing an additional 1,979 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Insider Activity

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. The trade was a 6.02 % 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, SVP Jesus Arregui sold 6,451 shares of the firm’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 transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,011 shares of company stock valued at $12,116,859 in the last ninety days. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Snap-on Stock Down 2.2 %

SNA opened at $322.76 on Friday. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company’s 50-day moving average is $333.97 and its 200 day moving average is $336.46. The firm has a market capitalization of $16.92 billion, a P/E ratio of 16.55, a PEG ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share 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 firm posted $4.75 EPS. Research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.65%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

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.