Master S Wealth Management Inc. Takes $345,000 Position in Snap-on Incorporated (NYSE:SNA)

Master S Wealth Management Inc. acquired a new position in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,016 shares of the company’s stock, valued at approximately $345,000. Snap-on comprises approximately 0.2% of Master S Wealth Management Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Snap-on during the 4th quarter valued at $148,839,000. Norges Bank acquired a new stake in shares of Snap-on during the fourth quarter worth $145,342,000. Proficio Capital Partners LLC purchased a new stake in shares of Snap-on during the fourth quarter valued at $57,738,000. Nordea Investment Management AB boosted its position in shares of Snap-on by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after purchasing an additional 127,859 shares during the period. Finally, Amundi increased its stake in Snap-on by 137.0% in the 4th quarter. Amundi now owns 201,207 shares of the company’s stock worth $68,039,000 after purchasing an additional 116,319 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.

Snap-on Stock Up 0.1 %

SNA stock opened at $337.31 on Wednesday. The company has a 50 day moving average of $333.12 and a two-hundred day moving average of $337.49. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) 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 quarter last year, the business earned $4.75 earnings per share. On average, equities analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.54%. Snap-on’s dividend payout ratio is 43.90%.

Wall Street Analyst Weigh In

A number of analysts have commented on SNA shares. Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. Robert W. Baird decreased their price objective on shares of Snap-on from $358.00 to $349.00 and set a “neutral” rating for the company in a research note on Tuesday. Tigress Financial lifted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.67.

Insider Buying and Selling

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company’s stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction 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 in the company, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

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.