Snap-on Incorporated (NYSE:SNA) Stock Position Decreased by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in shares of Snap-on Incorporated (NYSE:SNA) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128 shares of the company’s stock after selling 49 shares during the quarter. First Horizon Advisors Inc.’s holdings in Snap-on were worth $43,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Snap-on in the fourth quarter worth $28,000. Reston Wealth Management LLC acquired a new stake in shares of Snap-on in the third quarter worth $30,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on in the third quarter worth $39,000. Finally, Asset Planning Inc acquired a new stake in shares of Snap-on in the fourth quarter worth $68,000. 84.88% of the stock is owned by institutional investors.

Snap-on Stock Down 0.9 %

SNA stock opened at $336.17 on Friday. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The company has a market cap of $17.61 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The business’s 50-day simple moving average is $343.30 and its 200 day simple moving average is $325.04. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share 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 quarter in the prior year, the business earned $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is 43.90%.

Insider Buying and Selling at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now directly 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 through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,503 shares of company stock valued at $15,906,074. 4.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.