J.W. Cole Advisors Inc. Makes New $576,000 Investment in Snap-on Incorporated (NYSE:SNA)

J.W. Cole Advisors Inc. purchased a new position in shares of Snap-on Incorporated (NYSE:SNA) in the 4th quarter, Holdings Channel reports. The firm purchased 1,995 shares of the company’s stock, valued at approximately $576,000.

Several other hedge funds also recently bought and sold shares of SNA. BKM Wealth Management LLC purchased a new position in Snap-on during the fourth quarter worth $33,000. Peoples Bank KS acquired a new stake in shares of Snap-on during the third quarter worth $40,000. Exchange Traded Concepts LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $43,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Snap-on during the third quarter worth $49,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Snap-on during the third quarter worth $49,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Stock Performance

Shares of NYSE SNA opened at $268.56 on Tuesday. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $283.80 and a 200-day simple moving average of $278.68. The company has a market cap of $14.16 billion, a PE ratio of 14.09, a P/E/G ratio of 1.92 and a beta of 0.99. Snap-on Incorporated has a 12-month low of $247.68 and a 12-month high of $298.49.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.60 earnings per share. On average, equities research analysts forecast that Snap-on Incorporated will post 19.24 EPS for the current year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.44 annualized dividend and a dividend yield of 2.77%. Snap-on’s dividend payout ratio is currently 39.03%.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the completion of the sale, the chief financial officer now directly owns 95,661 shares in the company, valued at $26,014,052.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,368 shares of company stock valued at $13,399,449. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SNA shares. Robert W. Baird decreased their price objective on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a report on Friday. Roth Mkm restated a “buy” rating and set a $324.00 price objective on shares of Snap-on in a report on Thursday, April 18th. Barrington Research restated an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a report on Monday, April 15th. Finally, Tigress Financial reiterated a “buy” rating and issued a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Snap-on has a consensus rating of “Moderate Buy” and an average target price of $316.75.

Snap-on 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.