Arete Wealth Advisors LLC Sells 76 Shares of Snap-on Incorporated (NYSE:SNA)

Arete Wealth Advisors LLC lessened its holdings in Snap-on Incorporated (NYSE:SNA) by 5.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,336 shares of the company’s stock after selling 76 shares during the period. Arete Wealth Advisors LLC’s holdings in Snap-on were worth $454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Snap-on in the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Snap-on in the 4th quarter worth $28,000. CoreFirst Bank & Trust purchased a new position in Snap-on during the fourth quarter valued at $40,000. Finally, TCTC Holdings LLC grew its holdings in Snap-on by 41.3% during the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock valued at $50,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Trading Down 3.8 %

Shares of SNA opened at $314.98 on Friday. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The company has a 50 day simple moving average of $338.24 and a two-hundred day simple moving average of $335.37. 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 cap of $16.51 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (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 period in the prior year, the company posted $4.75 EPS. On average, equities analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $2.14 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.72%. Snap-on’s dividend payout ratio is currently 43.90%.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the sale, the senior vice president now owns 257 shares in the company, valued at approximately $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,011 shares of company stock valued at $12,116,859. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNA. Longbow Research raised Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Monday, March 31st. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. Finally, Tigress Financial raised their price objective on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.33.

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.