CWS Financial Advisors LLC Buys New Shares in Snap-on Incorporated (NYSE:SNA)

CWS Financial Advisors LLC bought a new stake in shares of Snap-on Incorporated (NYSE:SNA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 683 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on during the fourth quarter worth $28,000. Reston Wealth Management LLC acquired a new position in Snap-on during the third quarter worth $30,000. Brooklyn Investment Group acquired a new position in Snap-on during the third quarter worth $39,000. Finally, Asset Planning Inc acquired a new position in Snap-on during the fourth quarter worth $68,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $345.40.

Snap-on Stock Performance

SNA opened at $336.11 on Tuesday. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average price is $343.47 and its two-hundred day moving average price is $324.38. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its earnings results 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 net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the business posted $4.75 earnings per share. On average, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a $2.14 dividend. The ex-dividend date is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.55%. Snap-on’s payout ratio is 43.90%.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction on 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction 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 completion of 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 45,503 shares of company stock worth $15,906,074 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

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.