Lindenwold Advisors INC Has $2.50 Million Stock Position in Snap-On Incorporated $SNA

Lindenwold Advisors INC boosted its position in Snap-On Incorporated (NYSE:SNA) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,041 shares of the company’s stock after purchasing an additional 222 shares during the period. Snap-On accounts for about 1.3% of Lindenwold Advisors INC’s portfolio, making the stock its 21st biggest holding. Lindenwold Advisors INC’s holdings in Snap-On were worth $2,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SNA. Kingstone Capital Partners Texas LLC acquired a new position in Snap-On in the 2nd quarter worth about $434,938,000. Auto Owners Insurance Co increased its holdings in Snap-On by 35,967.2% in the 1st quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company’s stock worth $361,612,000 after purchasing an additional 1,070,025 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Snap-On by 54.3% in the 1st quarter. Ameriprise Financial Inc. now owns 681,857 shares of the company’s stock worth $229,793,000 after purchasing an additional 239,908 shares in the last quarter. Nuveen LLC acquired a new position in Snap-On in the 1st quarter worth about $45,711,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Snap-On by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,921,584 shares of the company’s stock worth $647,593,000 after purchasing an additional 115,306 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Trading Down 1.4%

NYSE SNA opened at $327.21 on Friday. The business has a 50 day simple moving average of $331.20 and a 200 day simple moving average of $323.79. Snap-On Incorporated has a one year low of $287.44 and a one year high of $373.89. The stock has a market capitalization of $17.07 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42.

Snap-On (NYSE:SNA) last released its earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.61 by $0.11. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm posted $5.07 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Research analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $2.14 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $8.56 annualized dividend and a yield of 2.6%. Snap-On’s dividend payout ratio (DPR) is currently 45.65%.

Insider Activity at Snap-On

In related news, CFO Aldo John Pagliari sold 125 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $325.21, for a total transaction of $40,651.25. Following the completion of the sale, the chief financial officer owned 111,721 shares of the company’s stock, valued at $36,332,786.41. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,042 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $320.88, for a total value of $7,393,716.96. Following the sale, the chief executive officer directly owned 815,219 shares of the company’s stock, valued at $261,587,472.72. This represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,898 shares of company stock valued at $8,983,203 in the last ninety days. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SNA shares. Tigress Financial upped their target price on Snap-On from $390.00 to $395.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Bank of America increased their price target on Snap-On from $265.00 to $285.00 and gave the company an “underperform” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday. Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research note on Tuesday, September 23rd. Finally, Robert W. Baird increased their price target on Snap-On from $329.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $357.00.

Snap-On Company 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.