Migdal Insurance & Financial Holdings Ltd. Purchases Shares of 82 Snap-on Incorporated (NYSE:SNA)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 82 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNA. Asset Management One Co. Ltd. boosted its position in Snap-on by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after buying an additional 67 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after acquiring an additional 1,605 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Snap-on during the 3rd quarter valued at $19,291,000. Avanza Fonder AB bought a new position in Snap-on in the 4th quarter valued at $1,936,000. Finally, Integrated Wealth Concepts LLC boosted its stake in Snap-on by 220.7% in the third quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company’s stock worth $787,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the subject of a number of research reports. Bank of America upped their target price on shares of Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research report on Friday, October 18th. Tigress Financial lifted their target price on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Mkm raised their price target on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Barrington Research restated an “outperform” rating and set a $360.00 target price on shares of Snap-on in a report on Monday, February 3rd. One equities 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $347.40.

Insider Activity

In related news, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the sale, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the transaction, the chief executive officer now owns 769,738 shares of the company’s stock, valued at $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by insiders.

Snap-on Price Performance

Shares of SNA opened at $338.05 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The business’s 50 day moving average price is $348.45 and its two-hundred day moving average price is $318.53. The firm has a market cap of $17.75 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. During the same period in the prior year, the firm posted $4.75 EPS. On average, equities analysts anticipate that Snap-on Incorporated will post 19.05 EPS for the current year.

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.