Leeward Investments LLC MA Sells 1,633 Shares of Snap-on Incorporated (NYSE:SNA)

Leeward Investments LLC MA decreased its position in Snap-on Incorporated (NYSE:SNA) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,612 shares of the company’s stock after selling 1,633 shares during the period. Leeward Investments LLC MA owned 0.11% of Snap-on worth $17,507,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in Snap-on during the fourth quarter worth about $33,000. Exchange Traded Concepts LLC acquired a new stake in Snap-on in the 4th quarter valued at approximately $43,000. Peoples Bank KS acquired a new stake in Snap-on in the 3rd quarter valued at approximately $40,000. Fortitude Family Office LLC acquired a new stake in Snap-on in the 4th quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Snap-on in the fourth quarter valued at approximately $53,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Jesus Arregui sold 2,562 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $269.35, for a total transaction of $690,074.70. Following the sale, the senior vice president now owns 8,663 shares in the company, valued at approximately $2,333,379.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,930 shares of company stock worth $14,089,523. Insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Shares of SNA opened at $270.70 on Friday. Snap-on Incorporated has a 12-month low of $247.68 and a 12-month high of $298.49. The business has a 50-day simple moving average of $284.28 and a two-hundred day simple moving average of $278.74. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The stock has a market cap of $14.27 billion, a PE ratio of 14.20, a PEG ratio of 1.87 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that Snap-on Incorporated will post 19.02 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a $1.86 dividend. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Barrington Research restated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Tigress Financial restated a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Finally, Robert W. Baird dropped their price objective on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

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.