Wilmington Savings Fund Society FSB Buys 46 Shares of Snap-on Incorporated (NYSE:SNA)

Wilmington Savings Fund Society FSB lifted its stake in Snap-on Incorporated (NYSE:SNA) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,143 shares of the company’s stock after purchasing an additional 46 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Snap-on were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $28,000. Reston Wealth Management LLC purchased a new position in Snap-on in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in Snap-on in the 3rd quarter valued at approximately $39,000. Finally, nVerses Capital LLC bought a new position in Snap-on in the 3rd quarter valued at approximately $58,000. Institutional investors own 84.88% of the company’s stock.

Snap-on Price Performance

NYSE SNA opened at $338.05 on Monday. The company has a 50-day moving average price of $347.82 and a 200-day moving average price of $319.63. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $17.75 billion, a P/E ratio of 17.34, a PEG ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the company earned $4.75 earnings per share. Equities research analysts anticipate that Snap-on Incorporated will post 20.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SNA shares. Barrington Research restated an “outperform” rating and issued a $360.00 price target on shares of Snap-on in a research note on Monday, February 3rd. Tigress Financial boosted their target price on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird raised their price target on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Roth Mkm increased their price objective on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their target price on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $347.40.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. This represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,192 shares of company stock valued at $11,400,978. 4.10% of the stock is owned by company insiders.

Snap-on Company 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.