CWS Financial Advisors LLC Purchases New Position in Snap-on Incorporated (NYSE:SNA)

CWS Financial Advisors LLC purchased a new stake in shares of Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 683 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on during the 4th quarter valued at approximately $28,000. Reston Wealth Management LLC bought a new stake in shares of Snap-on during the 3rd quarter valued at approximately $30,000. Brooklyn Investment Group bought a new stake in shares of Snap-on during the 3rd quarter valued at approximately $39,000. Finally, Asset Planning Inc bought a new stake in shares of Snap-on during the 4th quarter valued at approximately $68,000. 84.88% of the stock is owned by institutional investors.

Snap-on Trading Up 0.1 %

SNA opened at $336.11 on Tuesday. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.21 and a beta of 0.99. The company’s 50 day moving average price is $343.47 and its two-hundred day moving average price is $324.38.

Snap-on (NYSE:SNA) last posted 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 net margin of 21.71% and a return on equity of 19.20%. During the same quarter last year, the business posted $4.75 EPS. As a group, research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be given a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. Snap-on’s dividend payout ratio (DPR) is currently 43.90%.

Insider Transactions at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now 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. In the last 90 days, insiders have sold 45,503 shares of company stock worth $15,906,074. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $345.40.

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.