Transform Wealth LLC Increases Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Transform Wealth LLC boosted its position in Snap-on Incorporated (NYSE:SNAGet Rating) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854 shares of the company’s stock after purchasing an additional 80 shares during the quarter. Transform Wealth LLC’s holdings in Snap-on were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. bought a new stake in Snap-on during the third quarter valued at $25,000. Concord Wealth Partners bought a new position in shares of Snap-on in the fourth quarter worth approximately $31,000. Northwest Investment Counselors LLC purchased a new stake in Snap-on in the fourth quarter valued at approximately $32,000. Lumature Wealth Partners LLC lifted its position in Snap-on by 63.4% during the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 59 shares during the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new position in Snap-on in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

In related news, CEO Nicholas T. Pinchuk sold 19,394 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $216.58, for a total transaction of $4,200,352.52. Following the completion of the transaction, the chief executive officer now owns 622,123 shares in the company, valued at $134,739,399.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.

Shares of Snap-on stock opened at $198.70 on Wednesday. The company’s 50 day moving average price is $211.54 and its 200-day moving average price is $211.75. Snap-on Incorporated has a 52-week low of $190.08 and a 52-week high of $235.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.32 and a current ratio of 3.16. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.60 and a beta of 1.09.

Snap-on (NYSE:SNAGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The company reported $4.00 EPS for the quarter, beating the consensus estimate of $3.68 by $0.32. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, equities research analysts forecast that Snap-on Incorporated will post 15.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 20th were given a $1.42 dividend. The ex-dividend date was Thursday, May 19th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.86%. Snap-on’s dividend payout ratio is currently 36.81%.

SNA has been the subject of a number of research analyst reports. Tigress Financial lifted their price objective on shares of Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, April 25th. MKM Partners began coverage on Snap-on in a research report on Thursday, June 9th. They set a “neutral” rating and a $238.00 price target on the stock. Finally, StockNews.com assumed coverage on Snap-on in a report on Thursday, March 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $254.50.

Snap-on Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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