CENTRAL TRUST Co Has $172,000 Holdings in Snap-on Incorporated (NYSE:SNA)

CENTRAL TRUST Co trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 10.3% in the third quarter, HoldingsChannel reports. The firm owned 592 shares of the company’s stock after selling 68 shares during the period. CENTRAL TRUST Co’s holdings in Snap-on were worth $172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SNA. Opal Wealth Advisors LLC acquired a new position in shares of Snap-on during the second quarter worth approximately $30,000. Innealta Capital LLC acquired a new position in Snap-on during the 2nd quarter worth $32,000. Massmutual Trust Co. FSB ADV boosted its position in Snap-on by 53.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 44 shares during the last quarter. Quarry LP increased its stake in shares of Snap-on by 244.7% in the 2nd quarter. Quarry LP now owns 162 shares of the company’s stock valued at $42,000 after buying an additional 115 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Snap-on by 529.0% during the second quarter. Versant Capital Management Inc now owns 195 shares of the company’s stock worth $51,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Insider Activity

In other Snap-on news, VP June C. Lemerand sold 1,186 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $283.97, for a total transaction of $336,788.42. Following the sale, the vice president now directly owns 2,283 shares in the company, valued at approximately $648,303.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP June C. Lemerand sold 1,186 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $283.97, for a total transaction of $336,788.42. Following the completion of the sale, the vice president now owns 2,283 shares of the company’s stock, valued at $648,303.51. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Thomas Miller sold 1,750 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $330.00, for a total transaction of $577,500.00. Following the completion of the sale, the vice president now directly owns 3,218 shares in the company, valued at $1,061,940. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,598 shares of company stock worth $10,461,986 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNA. Robert W. Baird lifted their price objective on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barrington Research boosted their price target on shares of Snap-on from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Roth Mkm raised their price objective on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Tigress Financial upped their target price on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America raised their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $345.40.

Snap-on Trading Up 0.3 %

Shares of NYSE SNA opened at $326.58 on Monday. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $250.30 and a twelve month high of $330.51. The company’s fifty day moving average is $289.40 and its 200-day moving average is $277.70. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.14 and a beta of 0.98.

Snap-on declared that its board has initiated a share buyback program on Thursday, August 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, August 19th. Snap-on’s dividend payout ratio is currently 39.03%.

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.