Larson Financial Group LLC Has $594,000 Stock Holdings in Snap-On Incorporated (NYSE:SNA)

Larson Financial Group LLC lifted its position in Snap-On Incorporated (NYSE:SNA) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,764 shares of the company’s stock after buying an additional 132 shares during the quarter. Larson Financial Group LLC’s holdings in Snap-On were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its position in shares of Snap-On by 8.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 835 shares of the company’s stock valued at $284,000 after purchasing an additional 66 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Snap-On in the fourth quarter worth $1,068,000. Corient Private Wealth LLC lifted its holdings in shares of Snap-On by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 22,987 shares of the company’s stock valued at $7,803,000 after purchasing an additional 783 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of Snap-On by 16.1% in the fourth quarter. Cibc World Markets Corp now owns 8,301 shares of the company’s stock worth $2,818,000 after buying an additional 1,153 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Snap-On during the fourth quarter worth about $2,858,000. 84.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SNA shares. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-On in a research report on Tuesday. Robert W. Baird cut their price target on Snap-On from $349.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, 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 report on Monday, March 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Snap-On presently has an average rating of “Moderate Buy” and a consensus price target of $350.83.

Insider Activity

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,172 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $315.85, for a total transaction of $7,318,876.20. Following the transaction, the chief executive officer directly owned 804,510 shares in the company, valued at $254,104,483.50. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 5,553 shares of Snap-On stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following the completion of the sale, the chief financial officer owned 109,560 shares in the company, valued at approximately $35,808,590.40. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,815 shares of company stock worth $9,482,532 in the last quarter. 3.90% of the stock is owned by corporate insiders.

Snap-On Trading Up 7.9%

Shares of NYSE SNA opened at $337.61 on Friday. Snap-On Incorporated has a 1-year low of $266.55 and a 1-year high of $373.90. The company has a 50-day moving average of $318.47 and a two-hundred day moving average of $327.84. The company has a current ratio of 4.14, a quick ratio of 3.18 and a debt-to-equity ratio of 0.21. The company has a market cap of $17.65 billion, a PE ratio of 17.68, a P/E/G ratio of 2.23 and a beta of 0.76.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, July 17th. The company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.61 by $0.11. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a net margin of 21.42% and a return on equity of 18.60%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $5.07 earnings per share. As a group, equities analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were given a $2.14 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. Snap-On’s dividend payout ratio (DPR) is currently 44.82%.

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.