Zions Bancorporation N.A. Has $606,000 Position in Snap-on Incorporated (NYSE:SNA)

Zions Bancorporation N.A. raised its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 52.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,784 shares of the company’s stock after buying an additional 617 shares during the period. Zions Bancorporation N.A.’s holdings in Snap-on were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC bought a new position in shares of Snap-on in the fourth quarter valued at about $512,000. Vest Financial LLC raised its holdings in 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 acquiring an additional 2,460 shares during the period. Sanctuary Advisors LLC lifted its position in Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after acquiring an additional 1,605 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Snap-on during the third quarter worth approximately $19,291,000. Finally, Avanza Fonder AB acquired a new position in shares of Snap-on in the fourth quarter valued at approximately $1,936,000. 84.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SNA. Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. Tigress Financial lifted their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $346.40.

Snap-on Trading Up 0.4 %

Shares of NYSE:SNA opened at $337.39 on Thursday. The business’s 50 day simple moving average is $340.71 and its 200 day simple moving average is $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 debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company has a market capitalization of $17.69 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.21 and a beta of 0.99.

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 return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the company earned $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

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

Insider Buying and Selling

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

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.