Snap-on Incorporated (NYSE:SNA) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 53.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229 shares of the company’s stock after buying an additional 80 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Snap-on were worth $78,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its holdings in Snap-on by 8.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 835 shares of the company’s stock worth $284,000 after buying an additional 66 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Snap-on by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 49,226 shares of the company’s stock worth $16,711,000 after buying an additional 1,006 shares in the last quarter. Inspire Advisors LLC lifted its holdings 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 buying an additional 34 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Snap-on by 7.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,943 shares of the company’s stock worth $2,357,000 after buying an additional 490 shares in the last quarter. Finally, Isthmus Partners LLC lifted its holdings in Snap-on by 4.7% during the 4th quarter. Isthmus Partners LLC now owns 1,213 shares of the company’s stock worth $412,000 after buying an additional 54 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snap-on

In related news, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Tigress Financial increased 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. 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. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $346.40.

Snap-on Trading Down 0.1 %

NYSE SNA opened at $328.97 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm’s fifty day moving average price is $341.27 and its 200 day moving average price is $330.74. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $4.75 EPS. On average, sell-side analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal 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 given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is 43.90%.

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.