Leeward Investments LLC MA Makes New $13.21 Million Investment in Snap-on Incorporated (NYSE:SNA)

Leeward Investments LLC MA bought a new position in Snap-on Incorporated (NYSE:SNAGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,307 shares of the company’s stock, valued at approximately $13,214,000. Leeward Investments LLC MA owned about 0.12% of Snap-on as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cyrus J. Lawrence LLC purchased a new position in Snap-on in the first quarter worth about $27,000. Lumature Wealth Partners LLC raised its stake in shares of Snap-on by 63.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after buying an additional 59 shares during the period. Bromfield Sneider Wealth Advisors bought a new position in shares of Snap-on in the first quarter worth about $38,000. Tobam raised its stake in shares of Snap-on by 40.8% in the first quarter. Tobam now owns 259 shares of the company’s stock worth $53,000 after buying an additional 75 shares during the period. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Snap-on in the fourth quarter worth about $57,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 19,394 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 622,123 shares in the company, valued at approximately $134,739,399.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Jesus Arregui sold 488 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $223.31, for a total value of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares of the company’s stock, valued at approximately $537,953.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the company’s stock in a transaction dated 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 directly owns 622,123 shares of the company’s stock, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNA has been the topic of several recent research reports. Tigress Financial raised their price objective on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. MKM Partners began coverage on Snap-on in a report on Thursday, June 9th. They set a “neutral” rating and a $238.00 price target for the company. Finally, UBS Group dropped their target price on Snap-on to $175.00 in a report on Friday, July 22nd.

Snap-on Trading Down 0.0 %

Shares of NYSE SNA opened at $223.00 on Friday. The company has a quick ratio of 2.37, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $208.44 and a two-hundred day simple moving average of $210.96. The firm has a market cap of $11.88 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.12. Snap-on Incorporated has a twelve month low of $190.08 and a twelve month high of $235.36.

Snap-on (NYSE:SNAGet Rating) last issued its 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. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Snap-on had a return on equity of 20.51% and a net margin of 19.83%. Snap-on’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.76 EPS. Analysts expect that Snap-on Incorporated will post 15.93 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

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

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.

Further Reading

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

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