BerganKDV Wealth Management LLC Grows Stock Position in Snap-on Incorporated (NYSE:SNA)

BerganKDV Wealth Management LLC lifted its stake in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 13.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,020 shares of the company’s stock after buying an additional 1,281 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Snap-on were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Cyrus J. Lawrence LLC purchased a new stake in shares of Snap-on during the first quarter worth approximately $27,000. Lumature Wealth Partners LLC raised its stake in shares of Snap-on by 63.4% during the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Bromfield Sneider Wealth Advisors purchased a new stake in shares of Snap-on during the first quarter worth approximately $38,000. Tobam raised its stake in shares of Snap-on by 40.8% during the first quarter. Tobam now owns 259 shares of the company’s stock worth $53,000 after purchasing an additional 75 shares during the last quarter. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Snap-on during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock traded down $0.06 during mid-day trading on Friday, reaching $223.00. The stock had a trading volume of 232,618 shares, compared to its average volume of 300,128. Snap-on Incorporated has a 12-month low of $190.08 and a 12-month high of $235.36. The company has a market cap of $11.88 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.12. The business has a 50-day simple moving average of $208.44 and a 200 day simple moving average of $210.96. The company has a current ratio of 3.28, a quick ratio of 2.37 and a debt-to-equity ratio of 0.27.

Snap-on (NYSE:SNAGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a return on equity of 20.51% and a net margin of 19.83%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $3.76 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Snap-on Incorporated will post 15.93 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 18th. Snap-on’s dividend payout ratio is currently 35.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SNA shares. Tigress Financial increased their price objective on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. MKM Partners started coverage on Snap-on in a research report on Thursday, June 9th. They issued a “neutral” rating and a $238.00 price objective for the company. Finally, UBS Group cut their price objective on Snap-on to $175.00 in a research report on Friday, July 22nd.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 19,394 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $216.58, for a total value 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 document filed with the SEC, which is available at this link. In related news, SVP Jesus Arregui sold 488 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $223.31, for a total transaction of $108,975.28. Following the sale, the senior vice president now owns 2,409 shares of the company’s stock, valued at $537,953.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the sale, the chief executive officer now directly owns 622,123 shares in the company, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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.

Featured Articles

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNAGet Rating).

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

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BerganKDV Wealth Management LLC Grows Stock Position in Snap-on Incorporated (NYSE:SNA)

BerganKDV Wealth Management LLC lifted its stake in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 13.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,020 shares of the company’s stock after buying an additional 1,281 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Snap-on were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Cyrus J. Lawrence LLC purchased a new stake in shares of Snap-on during the first quarter worth approximately $27,000. Lumature Wealth Partners LLC raised its stake in shares of Snap-on by 63.4% during the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Bromfield Sneider Wealth Advisors purchased a new stake in shares of Snap-on during the first quarter worth approximately $38,000. Tobam raised its stake in shares of Snap-on by 40.8% during the first quarter. Tobam now owns 259 shares of the company’s stock worth $53,000 after purchasing an additional 75 shares during the last quarter. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Snap-on during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock traded down $0.06 during mid-day trading on Friday, reaching $223.00. The stock had a trading volume of 232,618 shares, compared to its average volume of 300,128. Snap-on Incorporated has a 12-month low of $190.08 and a 12-month high of $235.36. The company has a market cap of $11.88 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.12. The business has a 50-day simple moving average of $208.44 and a 200 day simple moving average of $210.96. The company has a current ratio of 3.28, a quick ratio of 2.37 and a debt-to-equity ratio of 0.27.

Snap-on (NYSE:SNAGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a return on equity of 20.51% and a net margin of 19.83%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $3.76 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Snap-on Incorporated will post 15.93 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 18th. Snap-on’s dividend payout ratio is currently 35.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SNA shares. MKM Partners started coverage on Snap-on in a research report on Thursday, June 9th. They issued a “neutral” rating and a $238.00 price objective for the company. UBS Group cut their price objective on Snap-on to $175.00 in a research report on Friday, July 22nd. Finally, Tigress Financial increased their price objective on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, April 25th.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 19,394 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $216.58, for a total value 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 document filed with the SEC, which is available at this link. In related news, SVP Jesus Arregui sold 488 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $223.31, for a total transaction of $108,975.28. Following the sale, the senior vice president now owns 2,409 shares of the company’s stock, valued at $537,953.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the sale, the chief executive officer now directly owns 622,123 shares in the company, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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.

Featured Articles

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNAGet Rating).

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

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.