Vanguard Personalized Indexing Management LLC Acquires 939 Shares of Snap-On Incorporated $SNA

Vanguard Personalized Indexing Management LLC raised its holdings in Snap-On Incorporated (NYSE:SNA) by 20.6% during the second quarter, HoldingsChannel.com reports. The fund owned 5,505 shares of the company’s stock after purchasing an additional 939 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Snap-On were worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNA. GAMMA Investing LLC grew its position in Snap-On by 93.5% in the first quarter. GAMMA Investing LLC now owns 2,086 shares of the company’s stock valued at $703,000 after acquiring an additional 1,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Snap-On by 6.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,322 shares of the company’s stock valued at $15,949,000 after acquiring an additional 2,790 shares during the last quarter. Ritholtz Wealth Management grew its position in Snap-On by 8.3% in the first quarter. Ritholtz Wealth Management now owns 1,108 shares of the company’s stock valued at $373,000 after acquiring an additional 85 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Snap-On by 9.6% in the first quarter. Exchange Traded Concepts LLC now owns 946 shares of the company’s stock valued at $319,000 after acquiring an additional 83 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Snap-On in the first quarter valued at about $430,000. Institutional investors own 84.88% of the company’s stock.

Insider Activity at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,042 shares of the business’s 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 approximately $261,587,472.72. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the chief financial officer directly owned 111,667 shares in the company, valued at approximately $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. Over the last three months, insiders sold 27,898 shares of company stock worth $8,983,203. Insiders own 3.90% of the company’s stock.

Snap-On Price Performance

Snap-On stock opened at $343.12 on Friday. The stock’s 50 day moving average is $332.41 and its 200 day moving average is $323.83. 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 firm has a market cap of $17.90 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.31 and a beta of 0.78. Snap-On Incorporated has a one year low of $289.81 and a one year high of $373.89.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 16th. The company reported $5.02 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.43. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.70 earnings per share. As a group, research analysts expect that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNA. 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 note on Friday, August 29th. Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. 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 note on Friday, July 18th. Finally, Bank of America lifted their price target on Snap-On from $265.00 to $285.00 and gave the company an “underperform” rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.