Larson Financial Group LLC Boosts Stake in Snap-on Incorporated (NYSE:SNA)

Larson Financial Group LLC lifted its holdings in Snap-on Incorporated (NYSE:SNA) by 18.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,632 shares of the company’s stock after purchasing an additional 249 shares during the quarter. Larson Financial Group LLC’s holdings in Snap-on were worth $554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Snap-on in the fourth quarter valued at approximately $148,839,000. Proficio Capital Partners LLC purchased a new stake in Snap-on in the 4th quarter worth $57,738,000. Benjamin Edwards Inc. raised its position in Snap-on by 2,691.2% during the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock worth $45,810,000 after acquiring an additional 152,428 shares during the period. Nordea Investment Management AB lifted its holdings in Snap-on by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after purchasing an additional 127,859 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC grew its position in shares of Snap-on by 706.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 113,331 shares of the company’s stock valued at $38,474,000 after purchasing an additional 99,276 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 107,096 shares of the company’s stock, valued at $36,310,898.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,220 shares of company stock worth $6,906,802 in the last quarter. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

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

Snap-on Stock Performance

SNA opened at $342.36 on Monday. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The firm has a market capitalization of $17.94 billion, a PE ratio of 17.56, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $342.21 and its 200 day moving average price is $328.33.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $4.75 EPS. As a group, sell-side analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

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.