Jefferies Financial Group Inc. Invests $656,000 in Snap-On Incorporated $SNA

Jefferies Financial Group Inc. purchased a new stake in shares of Snap-On Incorporated (NYSE:SNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,630 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors have also recently bought and sold shares of the stock. DV Equities LLC acquired a new position in Snap-On during the 4th quarter worth $25,000. Western Wealth Management LLC acquired a new stake in shares of Snap-On in the 1st quarter valued at $29,000. Montag A & Associates Inc. increased its stake in shares of Snap-On by 331.8% in the 4th quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock valued at $33,000 after buying an additional 73 shares during the period. Quattro Advisors LLC bought a new stake in shares of Snap-On during the fourth quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Insiders Place Their Bets

In other Snap-On news, CEO Nicholas T. Pinchuk sold 22,889 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $399.69, for a total value of $9,148,504.41. Following the completion of the sale, the chief executive officer directly owned 867,779 shares in the company, valued at $346,842,588.51. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Richard Thomas Miller sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $405.92, for a total value of $811,840.00. Following the sale, the vice president directly owned 4,529 shares in the company, valued at approximately $1,838,411.68. This represents a 30.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,728 shares of company stock worth $18,803,009 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Snap-On Stock Down 1.3%

Snap-On stock opened at $386.88 on Tuesday. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.76 and a beta of 0.73. The company’s 50 day simple moving average is $404.06 and its 200 day simple moving average is $385.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.43 and a quick ratio of 2.64. Snap-On Incorporated has a fifty-two week low of $319.20 and a fifty-two week high of $423.02.

Snap-On (NYSE:SNA) last issued its earnings results on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, beating the consensus estimate of $4.95 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.72 earnings per share. As a group, sell-side analysts anticipate that Snap-On Incorporated will post 19.7 EPS for the current year.

Snap-On Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $2.44 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. Snap-On’s dividend payout ratio is currently 49.77%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Friday, July 17th. Barclays assumed coverage on Snap-On in a report on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective for the company. Robert W. Baird set a $415.00 target price on shares of Snap-On in a research report on Friday, July 24th. Roth Capital reaffirmed a “buy” rating and issued a $461.00 target price (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Finally, Tigress Financial lifted their price target on shares of Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Snap-On currently has an average rating of “Moderate Buy” and a consensus target price of $426.20.

Snap-On Company Profile

Snap?On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap?On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap?On has established a long history in the professional tools market.