Snap-on Incorporated (NYSE:SNA) Shares Sold by Apriem Advisors

Apriem Advisors trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,920 shares of the company’s stock after selling 3,984 shares during the quarter. Snap-on accounts for about 1.7% of Apriem Advisors’ investment portfolio, making the stock its 14th biggest position. Apriem Advisors owned approximately 0.09% of Snap-on worth $15,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNA. UMB Bank n.a. increased its position in shares of Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on in the fourth quarter worth about $28,000. Reston Wealth Management LLC bought a new stake in Snap-on in the third quarter valued at about $30,000. Brooklyn Investment Group bought a new position in Snap-on during the 3rd quarter worth approximately $39,000. Finally, Private Trust Co. NA grew its position in shares of Snap-on by 38.2% in the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company’s stock worth $63,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of Snap-on 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 sale, the vice president now owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,503 shares of company stock worth $15,906,074. Insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

Shares of NYSE SNA opened at $338.70 on Thursday. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $343.33 and its two-hundred day moving average price is $324.96. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The stock has a market capitalization of $17.75 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (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 period in the prior year, the business posted $4.75 EPS. As a group, sell-side analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is 43.90%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Snap-on has a consensus rating of “Hold” and a consensus price target of $345.40.

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.