Winnow Wealth LLC Invests $1.18 Million in Snap-On Incorporated $SNA

Winnow Wealth LLC bought a new position in Snap-On Incorporated (NYSE:SNA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,395 shares of the company’s stock, valued at approximately $1,178,000. Snap-On makes up 0.9% of Winnow Wealth LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors have also added to or reduced their stakes in the company. Tobam bought a new position in shares of Snap-On during the 2nd quarter valued at approximately $29,000. Ameritas Advisory Services LLC purchased a new stake in Snap-On during the second quarter valued at $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Snap-On by 97.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Snap-On by 1,880.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Snap-On in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Analyst Ratings Changes

SNA has been the subject of several recent research reports. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Roth Mkm reiterated a “buy” rating and issued a $385.00 target price on shares of Snap-On in a report on Friday, October 17th. Barrington Research reissued an “outperform” rating and set a $350.00 target price on shares of Snap-On in a research report on Wednesday, October 15th. Robert W. Baird set a $370.00 price target on Snap-On in a report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Snap-On presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.83.

Insider Activity at Snap-On

In related news, SVP Jesus Arregui sold 3,831 shares of the firm’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 transaction, the senior vice president owned 2,642 shares of the company’s stock, valued at $891,093.76. This trade represents a 59.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,779 shares of Snap-On stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $352.20, for a total transaction of $2,387,563.80. Following the sale, the chief financial officer owned 111,888 shares of the company’s stock, valued at $39,406,953.60. The trade was a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,036 shares of company stock valued at $13,710,988. Company insiders own 3.90% of the company’s stock.

Snap-On Trading Down 0.1%

Shares of NYSE SNA opened at $366.09 on Friday. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $375.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.37 and a current ratio of 4.40. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.57 and a beta of 0.80. The business’s 50 day moving average price is $353.39 and its 200-day moving average price is $339.97.

Snap-On Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were paid a dividend of $2.44 per share. This is an increase from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st. Snap-On’s payout ratio is presently 51.18%.

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.