Haven Private LLC Purchases New Shares in Snap-on Incorporated (NYSE:SNA)

Haven Private LLC acquired a new stake in Snap-on Incorporated (NYSE:SNA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,576 shares of the company’s stock, valued at approximately $535,000.

A number of other hedge funds have also recently bought and sold shares of SNA. UMB Bank n.a. boosted 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. SBI Securities Co. Ltd. bought a new position in shares of Snap-on in the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on in the 4th quarter worth $28,000. Brooklyn Investment Group bought a new position in shares of Snap-on in the 3rd quarter worth $39,000. Finally, Asset Planning Inc bought a new position in shares of Snap-on in the 4th quarter worth $68,000. 84.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the transaction, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated 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 transaction, the chief financial officer now owns 107,096 shares of the company’s stock, valued at $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 90 days, insiders sold 42,003 shares of company stock worth $14,636,064. Company insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SNA shares. Tigress Financial lifted their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday. Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $346.40.

Snap-on Price Performance

NYSE:SNA opened at $334.01 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The stock’s 50-day simple moving average is $342.48 and its 200 day simple moving average is $327.12. The company has a market cap of $17.50 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $4.75 EPS. As a group, sell-side analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s dividend payout ratio is currently 43.90%.

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.