MOKAN Wealth Management Inc. Buys 844 Shares of Snap-On Incorporated $SNA

MOKAN Wealth Management Inc. boosted its stake in Snap-On Incorporated (NYSE:SNA) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,471 shares of the company’s stock after purchasing an additional 844 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in Snap-On were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in shares of Snap-On during the 1st quarter valued at about $25,000. Ameritas Advisory Services LLC bought a new stake in shares of Snap-On during the 2nd quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position in shares of Snap-On by 421.1% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the company’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Snap-On by 248.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company’s stock valued at $34,000 after acquiring an additional 72 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Snap-On during the 1st quarter valued at about $34,000. Institutional investors own 84.88% of the company’s stock.

Snap-On Price Performance

Shares of Snap-On stock opened at $327.21 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42. The business’s 50 day simple moving average is $331.20 and its two-hundred day simple moving average is $323.62. The stock has a market capitalization of $17.07 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78. Snap-On Incorporated has a one year low of $287.44 and a one year high of $373.89.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.11. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.07 EPS. Analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Snap-On’s payout ratio is 45.65%.

Insider Buying and Selling

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,042 shares of Snap-On stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $320.88, for a total value of $7,393,716.96. Following the transaction, the chief executive officer directly owned 815,219 shares of the company’s stock, valued at $261,587,472.72. The trade was a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 4,731 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $327.38, for a total value of $1,548,834.78. Following the transaction, the chief financial officer directly owned 111,667 shares in the company, valued at $36,557,542.46. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,898 shares of company stock worth $8,983,203 over the last ninety days. Insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

SNA has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, October 8th. Tigress Financial lifted their price target on Snap-On from $390.00 to $395.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Robert W. Baird lifted their price target on Snap-On from $329.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Barrington Research reiterated an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research report on Tuesday, September 23rd. Finally, Bank of America boosted their target price on Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $357.00.

About Snap-On

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.