Snap-on Incorporated (NYSE:SNA) Shares Sold by Apriem Advisors

Apriem Advisors decreased its position in shares of Snap-on Incorporated (NYSE:SNA) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 44,920 shares of the company’s stock after selling 3,984 shares during the quarter. Snap-on accounts for 1.7% of Apriem Advisors’ investment portfolio, making the stock its 14th biggest holding. Apriem Advisors’ holdings in Snap-on were worth $15,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised 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 worth $25,000 after buying an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on during the fourth quarter worth about $28,000. Reston Wealth Management LLC bought a new stake in Snap-on in the third quarter worth about $30,000. Brooklyn Investment Group acquired a new stake in Snap-on in the 3rd quarter valued at about $39,000. Finally, Private Trust Co. NA boosted its position in shares of Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company’s stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP June C. Lemerand sold 3,500 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value 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 represents a 60.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,503 shares of company stock valued at $15,906,074. Company insiders own 4.10% of the company’s stock.

Snap-on Stock Down 0.8 %

Shares of Snap-on stock opened at $338.70 on Thursday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The firm has a market capitalization of $17.75 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $343.33 and its 200-day moving average is $324.96.

Snap-on (NYSE:SNA) last posted 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 in the prior year, the firm posted $4.75 EPS. Equities analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.53%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $345.40.

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.