Snap-on Incorporated (NYSE:SNA) Shares Acquired by Intrust Bank NA

Intrust Bank NA boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 6.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,335 shares of the company’s stock after purchasing an additional 201 shares during the period. Intrust Bank NA’s holdings in Snap-on were worth $1,132,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SNA. Allstate Corp acquired a new position in shares of Snap-on in the fourth quarter valued at approximately $526,000. Brown Brothers Harriman & Co. grew its position in Snap-on by 115.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 401 shares of the company’s stock valued at $136,000 after buying an additional 215 shares during the last quarter. DnB Asset Management AS increased its stake in Snap-on by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,257 shares of the company’s stock valued at $4,840,000 after buying an additional 762 shares during the period. Level Four Advisory Services LLC raised its position in Snap-on by 2.3% during the 4th quarter. Level Four Advisory Services LLC now owns 7,934 shares of the company’s stock worth $2,694,000 after buying an additional 176 shares during the last quarter. Finally, denkapparat Operations GmbH purchased a new stake in shares of Snap-on in the fourth quarter valued at about $379,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,011 shares of company stock valued at $12,116,859. Insiders own 3.90% of the company’s stock.

Snap-on Stock Performance

Shares of SNA opened at $329.09 on Friday. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The company has a 50-day simple moving average of $340.12 and a 200-day simple moving average of $333.51. The company has a market capitalization of $17.25 billion, a PE ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $4.75 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a dividend of $2.14 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.60%. Snap-on’s payout ratio is 43.90%.

Wall Street Analyst Weigh In

SNA has been the subject of several analyst reports. Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $346.40.

Snap-on Company 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.