Eads & Heald Wealth Management Has $1.76 Million Stock Holdings in Snap-On Incorporated $SNA

Eads & Heald Wealth Management lifted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,653 shares of the company’s stock after buying an additional 131 shares during the quarter. Eads & Heald Wealth Management’s holdings in Snap-On were worth $1,759,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SNA. Joule Financial LLC boosted its position in shares of Snap-On by 56.7% during the second quarter. Joule Financial LLC now owns 965 shares of the company’s stock worth $300,000 after purchasing an additional 349 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Snap-On by 21.9% in the 2nd quarter. DAVENPORT & Co LLC now owns 789 shares of the company’s stock valued at $246,000 after buying an additional 142 shares in the last quarter. Tandem Investment Partners LLC raised its stake in Snap-On by 18.3% during the 2nd quarter. Tandem Investment Partners LLC now owns 1,555 shares of the company’s stock worth $484,000 after buying an additional 240 shares during the period. QRG Capital Management Inc. lifted its holdings in Snap-On by 42.6% during the second quarter. QRG Capital Management Inc. now owns 152,783 shares of the company’s stock worth $47,543,000 after acquiring an additional 45,668 shares in the last quarter. Finally, Ascent Group LLC grew its stake in Snap-On by 22.2% in the second quarter. Ascent Group LLC now owns 1,526 shares of the company’s stock valued at $475,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Transactions at Snap-On

In other Snap-On news, CFO Aldo John Pagliari sold 125 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $325.21, for a total value of $40,651.25. Following the sale, the chief financial officer owned 111,721 shares in the company, valued at $36,332,786.41. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 23,042 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $320.88, for a total value of $7,393,716.96. Following the completion of the sale, the chief executive officer directly owned 815,219 shares of the company’s stock, valued at approximately $261,587,472.72. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,898 shares of company stock worth $8,983,203. 3.90% of the stock is owned by insiders.

Analyst Ratings Changes

SNA has been the topic of a number of research analyst reports. Tigress Financial raised their price target on Snap-On from $390.00 to $395.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barrington Research restated an “outperform” rating and set a $350.00 target price on shares of Snap-On in a report on Tuesday, September 23rd. Bank of America upped their price target on shares of Snap-On from $265.00 to $285.00 and gave the company an “underperform” rating in a report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a report on Saturday, September 27th. Finally, Robert W. Baird boosted their price objective on shares of Snap-On from $329.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $357.00.

Snap-On Stock Down 0.5%

SNA stock opened at $347.39 on Monday. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.42 and a beta of 0.78. Snap-On Incorporated has a twelve month low of $284.38 and a twelve month high of $373.89. The business has a 50 day moving average price of $329.92 and a two-hundred day moving average price of $323.60. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21.

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. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $5.07 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $2.14 per share. The ex-dividend date was Tuesday, August 19th. This represents a $8.56 annualized dividend and a dividend yield of 2.5%. Snap-On’s payout ratio is currently 45.65%.

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.