Snap-On Incorporated $SNA Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 34.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,906 shares of the company’s stock after selling 2,601 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Snap-On were worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in shares of Snap-On in the 1st quarter valued at $29,000. Independence Bank of Kentucky acquired a new stake in shares of Snap-On during the third quarter worth about $29,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Snap-On during the second quarter worth about $45,000. Elevation Wealth Partners LLC boosted its position in shares of Snap-On by 773.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 131 shares of the company’s stock valued at $53,000 after purchasing an additional 116 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Snap-On in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-On Trading Down 0.6%

NYSE:SNA opened at $366.39 on Friday. Snap-On Incorporated has a 12-month low of $320.80 and a 12-month high of $423.02. The company has a current ratio of 3.55, a quick ratio of 2.71 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $369.34 and its 200-day simple moving average is $380.24. The firm has a market cap of $18.90 billion, a P/E ratio of 19.05, a PEG ratio of 2.63 and a beta of 0.75.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $4.64 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.29). Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $4.71 earnings per share. Snap-On’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that Snap-On Incorporated will post 19.24 EPS for the current year.

Analysts Set New Price Targets

SNA has been the subject of a number of research reports. Weiss Ratings cut Snap-On from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Tigress Financial increased their price objective on Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a report on Friday, July 31st. Robert W. Baird set a $385.00 target price on shares of Snap-On in a research report on Friday, October 23rd. Barclays cut their target price on shares of Snap-On from $435.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Finally, Roth Capital reiterated a “buy” rating and issued a $461.00 price target (up from $409.00) on shares of Snap-On in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Snap-On presently has an average rating of “Moderate Buy” and a consensus target price of $434.00.

Insiders Place Their Bets

In other Snap-On news, CFO Aldo Pagliari sold 5,531 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $404.25, for a total transaction of $2,235,906.75. Following the completion of the transaction, the chief financial officer owned 120,644 shares in the company, valued at approximately $48,770,337. This represents a 4.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas Pinchuk sold 22,889 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $399.69, for a total transaction of $9,148,504.41. Following the completion of the sale, the chief executive officer owned 867,779 shares of the company’s stock, valued at $346,842,588.51. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 29,220 shares of company stock worth $11,704,411. 3.80% of the stock is owned by insiders.

About Snap-On

Snap-on Incorporated is a manufacturer and distributor of professional tools, equipment, diagnostics, and related services. Its offerings include hand and power tools, tool storage, vehicle repair equipment, diagnostic systems, and repair information and management software. The company serves professional users who work in automotive repair, heavy-duty transportation, aviation, agriculture, construction, industrial production, government, and other technical fields.

Snap-on markets products under the Snap-on brand and other brands, including Blue-Point, Bahco, and Williams.