CreativeOne Wealth LLC Has $1.04 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

CreativeOne Wealth LLC increased its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,073 shares of the company’s stock after purchasing an additional 40 shares during the period. CreativeOne Wealth LLC’s holdings in Snap-on were worth $1,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SNA. Bleakley Financial Group LLC acquired a new position in shares of Snap-on during the 4th quarter worth approximately $512,000. Vest Financial LLC increased its holdings in shares of Snap-on by 2.4% in the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after purchasing an additional 2,460 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Snap-on in the third quarter valued at about $19,291,000. Avanza Fonder AB acquired a new stake in shares of Snap-on during the 4th quarter worth about $1,936,000. Finally, Empirical Finance LLC boosted its holdings in shares of Snap-on by 45.8% during the 4th quarter. Empirical Finance LLC now owns 5,906 shares of the company’s stock worth $2,005,000 after buying an additional 1,856 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now owns 107,096 shares in the company, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

Snap-on Stock Performance

SNA opened at $332.00 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The firm has a market cap of $17.40 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The business’s fifty day moving average is $332.99 and its 200-day moving average is $337.45.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the company posted $4.75 EPS. Sell-side analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Monday, February 24th. Snap-on’s dividend payout ratio is presently 43.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Longbow Research upgraded shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. Tigress Financial lifted their price target on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a report on Friday, April 11th. Finally, Robert W. Baird lowered their price objective on Snap-on from $358.00 to $349.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $355.67.

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.