1,600 Shares in Snap-on Incorporated (NYSE:SNA) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Snap-on Incorporated (NYSE:SNA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,600 shares of the company’s stock, valued at approximately $543,000.

Other hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC bought a new stake in Snap-on in the fourth quarter valued at about $512,000. Vest Financial LLC grew its stake in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after purchasing an additional 2,460 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after purchasing an additional 1,605 shares during the period. World Investment Advisors LLC acquired a new position in shares of Snap-on in the 3rd quarter worth approximately $19,291,000. Finally, Avanza Fonder AB bought a new position in shares of Snap-on during the 4th quarter worth approximately $1,936,000. Institutional investors own 84.88% of the company’s stock.

Insider Activity at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the business’s 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 sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

Snap-on Trading Up 0.4 %

Shares of SNA opened at $337.39 on Thursday. 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 market cap of $17.69 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.21 and a beta of 0.99. The stock has a fifty day moving average price of $340.71 and a two-hundred day moving average price of $332.73. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90.

Snap-on (NYSE:SNA) last issued 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 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 EPS. Analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.54%. Snap-on’s dividend payout ratio (DPR) is currently 43.90%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial upped their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $346.40.

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.