Inceptionr LLC Takes Position in Snap-On Incorporated $SNA

Inceptionr LLC bought a new stake in Snap-On Incorporated (NYSE:SNA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,765 shares of the company’s stock, valued at approximately $860,000.

Several other institutional investors and hedge funds have also bought and sold shares of SNA. Tobam bought a new stake in Snap-On in the second quarter valued at approximately $29,000. Ameritas Advisory Services LLC purchased a new position in shares of Snap-On in the second quarter worth $30,000. Ransom Advisory Ltd bought a new stake in Snap-On during the 1st quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Snap-On by 52.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock valued at $34,000 after buying an additional 38 shares during the period. Finally, Harbor Asset Planning Inc. bought a new stake in Snap-On in the 2nd quarter worth $45,000. 84.88% of the stock is currently owned by institutional investors.

Snap-On Trading Up 0.2%

SNA opened at $340.89 on Thursday. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $373.89. The stock has a market cap of $17.73 billion, a PE ratio of 17.88, a PEG ratio of 2.33 and a beta of 0.81. The business has a 50 day moving average of $339.16 and a 200-day moving average of $328.28.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 16th. The company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.12. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.70 earnings per share. Equities research analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be given a dividend of $2.44 per share. This is an increase from Snap-On’s previous quarterly dividend of $2.14. The ex-dividend date of this dividend is Friday, November 21st. This represents a $9.76 dividend on an annualized basis and a yield of 2.9%. Snap-On’s dividend payout ratio is 51.18%.

Insider Buying and Selling

In other Snap-On news, SVP Jesus Arregui sold 3,831 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $337.28, for a total value of $1,292,119.68. Following the sale, the senior vice president owned 2,642 shares in the company, valued at approximately $891,093.76. This represents a 59.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SNA shares. Tigress Financial upped their price objective on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Roth Capital reaffirmed a “buy” rating and set a $385.00 price target on shares of Snap-On in a research report on Friday, October 17th. Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Robert W. Baird upped their target price on Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $365.00.

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.