Snap-on Incorporated (NYSE:SNA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Snap-on Incorporated (NYSE:SNA) by 105.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,742 shares of the company’s stock after purchasing an additional 8,586 shares during the quarter. Cerity Partners LLC’s holdings in Snap-on were worth $5,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNA. UMB Bank n.a. increased its stake in shares of Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Snap-on during the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on in the fourth quarter valued at approximately $28,000. CoreFirst Bank & Trust purchased a new stake in shares of Snap-on during the fourth quarter worth approximately $40,000. Finally, TCTC Holdings LLC increased its position in shares of Snap-on by 41.3% during the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock worth $50,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,011 shares of company stock valued at $12,116,859 over the last 90 days. 3.90% of the stock is owned by insiders.

Snap-on Stock Performance

NYSE:SNA opened at $336.50 on Friday. The company’s 50-day moving average is $333.58 and its two-hundred day moving average is $336.83. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the firm earned $4.75 EPS. Analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.54%. Snap-on’s dividend payout ratio (DPR) is currently 43.90%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Tigress Financial upped their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. 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 report on Monday, March 31st. Finally, Barrington Research restated an “outperform” rating and set a $350.00 target price on shares of Snap-on in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Snap-on currently has an average rating of “Moderate Buy” and an average price target of $355.33.

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.