Vanguard Group Inc. Purchases 19,328 Shares of Snap-on Incorporated (NYSE:SNA)

Vanguard Group Inc. lifted its position in shares of Snap-on Incorporated (NYSE:SNA) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,404,599 shares of the company’s stock after buying an additional 19,328 shares during the quarter. Vanguard Group Inc. owned 0.12% of Snap-on worth $2,174,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust boosted its position in Snap-on by 3.1% during the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock worth $344,000 after buying an additional 30 shares during the period. UMB Bank n.a. lifted its holdings in shares of Snap-on by 70.5% during the fourth 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 period. WCM Investment Management LLC grew its stake in shares of Snap-on by 4.5% in the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock worth $247,000 after purchasing an additional 31 shares during the last quarter. New York Life Investment Management LLC increased its holdings in Snap-on by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock valued at $2,412,000 after purchasing an additional 31 shares during the period. Finally, Inspire Advisors LLC raised its position in Snap-on by 1.0% during the 4th quarter. Inspire Advisors LLC now owns 3,382 shares of the company’s stock worth $1,148,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Stock Performance

Shares of Snap-on stock opened at $337.39 on Thursday. The business has a 50-day moving average price of $340.71 and a two-hundred day moving average price of $332.73. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a market cap of $17.69 billion, a P/E ratio of 17.30, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 earnings per share. As a group, analysts anticipate that Snap-on Incorporated will post 19.79 EPS 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 paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, February 24th. Snap-on’s dividend payout ratio is presently 43.90%.

Wall Street Analysts Forecast Growth

SNA has been the topic of a number of analyst reports. Tigress Financial upped their price target on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. One 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. Based on data from MarketBeat.com, Snap-on currently has a consensus rating of “Hold” and a consensus target price of $346.40.

Insiders Place Their Bets

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

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.