MOKAN Wealth Management Inc. Makes New Investment in Snap-on Incorporated (NYSE:SNA)

MOKAN Wealth Management Inc. bought a new position in shares of Snap-on Incorporated (NYSE:SNA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 4,878 shares of the company’s stock, valued at approximately $1,656,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNA. Creative Planning lifted its stake in Snap-on by 4.7% during the third quarter. Creative Planning now owns 9,909 shares of the company’s stock worth $2,871,000 after purchasing an additional 446 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Snap-on by 116.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,968 shares of the company’s stock valued at $570,000 after acquiring an additional 1,058 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Snap-on in the 3rd quarter valued at $58,000. Global Retirement Partners LLC lifted its stake in shares of Snap-on by 9.5% in the 3rd quarter. Global Retirement Partners LLC now owns 3,760 shares of the company’s stock valued at $1,089,000 after acquiring an additional 325 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Snap-on by 1.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,076 shares of the company’s stock valued at $1,471,000 after acquiring an additional 86 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Insider Transactions at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of the stock in a transaction dated 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 owns 2,289 shares of the company’s stock, valued at $830,586.54. This represents a 60.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction dated Monday, December 9th. The stock was 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 directly owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,643 shares of company stock valued at $13,580,191 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNA has been the subject of a number of research reports. Roth Mkm increased their price target on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Finally, Tigress Financial increased their price objective on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $345.40.

Snap-on Stock Performance

Shares of Snap-on stock opened at $339.12 on Friday. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $345.36 and a two-hundred day moving average price of $321.38. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. The company has a market cap of $17.81 billion, a P/E ratio of 17.39, a PEG ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly 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 19.20% and a net margin of 21.71%. During the same quarter in the prior year, the company posted $4.75 earnings per share. As a group, analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be given a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.52%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

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.