Waldron Private Wealth LLC Takes $204,000 Position in Snap-on Incorporated (NYSE:SNA)

Waldron Private Wealth LLC bought a new position in shares of Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 708 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clear Street Markets LLC lifted its position in shares of Snap-on by 96.3% during the first quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock worth $26,000 after purchasing an additional 52 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the period. BKM Wealth Management LLC acquired a new stake in Snap-on during the 4th quarter worth approximately $33,000. Peoples Bank KS purchased a new position in Snap-on in the 3rd quarter valued at approximately $40,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Snap-on in the fourth quarter worth $43,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Tigress Financial reiterated a “buy” rating and issued a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on currently has a consensus rating of “Hold” and an average price target of $306.00.

Snap-on Price Performance

Shares of SNA opened at $282.29 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.81. Snap-on Incorporated has a 1-year low of $238.90 and a 1-year high of $298.49. The stock has a market cap of $14.92 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The firm has a fifty day moving average price of $283.96 and a 200 day moving average price of $278.23.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.42 EPS. As a group, sell-side analysts anticipate that Snap-on Incorporated will post 19.22 EPS for the current year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were given a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.64%. Snap-on’s dividend payout ratio (DPR) is presently 39.68%.

Insiders Place Their Bets

In other Snap-on news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the sale, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the sale, the chief financial officer now owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,368 shares of company stock valued at $13,399,449. Insiders own 4.10% of the company’s stock.

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.