119 Shares in Snap-on Incorporated (NYSE:SNA) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 119 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNA. UMB Bank n.a. grew its position in shares of 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 4th quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Snap-on during the 4th quarter valued at about $28,000. Brooklyn Investment Group bought a new stake in shares of Snap-on during the third quarter valued at about $39,000. Finally, TCTC Holdings LLC lifted its holdings in shares of Snap-on by 41.3% in the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock worth $50,000 after buying an additional 43 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Analysts Set New Price Targets

SNA has been the subject of several recent analyst reports. Barrington Research reaffirmed 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 boosted their price target 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 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 company’s stock. According to MarketBeat.com, Snap-on presently has an average rating of “Hold” and a consensus target price of $346.40.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jesus Arregui sold 6,451 shares of the company’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 directly 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. Corporate insiders own 4.10% of the company’s stock.

Snap-on Trading Down 0.4 %

Shares of SNA opened at $335.99 on Wednesday. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. The company has a market capitalization of $17.61 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.21 and a beta of 0.99. 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 50 day simple moving average is $340.87 and its 200 day simple moving average is $332.70.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping 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 last year, the business posted $4.75 EPS. Sell-side analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

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

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.