F M Investments LLC Has $2.32 Million Holdings in Snap-on Incorporated (NYSE:SNA)

F M Investments LLC boosted its position in shares of Snap-on Incorporated (NYSE:SNA) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,847 shares of the company’s stock after buying an additional 1,122 shares during the period. F M Investments LLC’s holdings in Snap-on were worth $2,324,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SNA. Bleakley Financial Group LLC acquired a new stake in shares of Snap-on during the 4th quarter worth approximately $512,000. Vest Financial LLC boosted its holdings in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after purchasing an additional 2,460 shares in the last quarter. Sanctuary Advisors LLC increased its stake 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 valued at $13,264,000 after purchasing an additional 1,605 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Snap-on during the 3rd quarter worth $19,291,000. Finally, Avanza Fonder AB bought a new stake in shares of Snap-on during the 4th quarter worth $1,936,000. 84.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNA. Tigress Financial boosted their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.33.

Snap-on Stock Down 2.2 %

NYSE:SNA opened at $322.76 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The firm’s 50 day simple moving average is $333.97 and its 200 day simple moving average is $336.46. The company has a market cap of $16.92 billion, a PE ratio of 16.55, a P/E/G ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 previous year, the business earned $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.65%. Snap-on’s dividend payout ratio (DPR) is 43.90%.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 over the last ninety days. 3.90% 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.