CENTRAL TRUST Co trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNA – Free Report) 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
Check Out Our Latest Research Report on SNA
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.
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