Snap-on Incorporated (NYSE:SNA) Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,987 shares of the company’s stock after buying an additional 2,460 shares during the quarter. Vest Financial LLC owned 0.20% of Snap-on worth $34,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNA. UMB Bank n.a. boosted its holdings in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on in the 4th quarter valued at about $28,000. Reston Wealth Management LLC acquired a new position in shares of Snap-on during the third quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in shares of Snap-on during the third quarter worth approximately $39,000. Finally, nVerses Capital LLC acquired a new stake in Snap-on in the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is owned by company insiders.

Snap-on Stock Performance

Shares of SNA stock opened at $338.05 on Friday. The stock’s 50-day moving average is $348.45 and its two-hundred day moving average is $318.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.15. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the business earned $4.75 EPS. Analysts predict that Snap-on Incorporated will post 20.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SNA shares. Roth Mkm boosted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barrington Research reiterated an “outperform” rating and set a $360.00 target price on shares of Snap-on in a research note on Monday, February 3rd. Robert W. Baird raised their price target on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Bank of America upped their price objective on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Finally, Tigress Financial raised their target price on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $347.40.

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.