Alpine Woods Capital Investors LLC Sells 1,163 Shares of Snap-on Incorporated (NYSE:SNA)

Alpine Woods Capital Investors LLC reduced its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,470 shares of the company’s stock after selling 1,163 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Snap-on were worth $4,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SNA. Sigma Planning Corp lifted its holdings in Snap-on by 25.3% during the third quarter. Sigma Planning Corp now owns 3,501 shares of the company’s stock worth $1,014,000 after acquiring an additional 706 shares during the period. Victory Capital Management Inc. raised its stake in shares of Snap-on by 21.5% in the third quarter. Victory Capital Management Inc. now owns 158,777 shares of the company’s stock valued at $45,999,000 after buying an additional 28,049 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Snap-on by 1.4% in the third quarter. Oppenheimer & Co. Inc. now owns 19,410 shares of the company’s stock valued at $5,623,000 after buying an additional 272 shares during the period. Main Street Financial Solutions LLC raised its stake in shares of Snap-on by 6.9% in the third quarter. Main Street Financial Solutions LLC now owns 924 shares of the company’s stock valued at $268,000 after buying an additional 60 shares during the period. Finally, KBC Group NV raised its stake in shares of Snap-on by 1.8% in the third quarter. KBC Group NV now owns 15,437 shares of the company’s stock valued at $4,472,000 after buying an additional 271 shares during the period. 84.88% of the stock is currently owned by institutional investors.

Insider Activity at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,220 shares of company stock worth $6,906,802. 4.10% of the stock is owned by company insiders.

Snap-on Stock Performance

NYSE:SNA opened at $323.15 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.21 and a beta of 0.99. The business’s fifty day moving average is $341.84 and its 200 day moving average is $329.10.

Snap-on (NYSE:SNA) last released its quarterly earnings data 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 return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the business posted $4.75 EPS. Research analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid 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 dividend yield of 2.65%. Snap-on’s payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

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