666 Shares in Snap-on Incorporated (NYSE:SNA) Bought by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC acquired a new position in shares of Snap-on Incorporated (NYSE:SNA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 666 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNA. UMB Bank n.a. grew its position 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Snap-on in the fourth quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Snap-on in the fourth quarter valued at $28,000. Brooklyn Investment Group bought a new position in Snap-on in the third quarter valued at $39,000. Finally, Asset Planning Inc bought a new position in Snap-on in the fourth quarter valued at $68,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now owns 100,668 shares of the company’s stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,220 shares of company stock valued at $6,906,802. Company insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

Shares of SNA stock opened at $331.93 on Friday. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.21 and a beta of 0.99. 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 company has a 50-day simple moving average of $341.51 and a 200 day simple moving average of $329.73. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90.

Snap-on (NYSE:SNA) last announced its 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 net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the business posted $4.75 earnings per share. On average, sell-side analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, February 24th. Snap-on’s payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SNA. Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial lifted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $346.40.

Snap-on Company 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.