United Capital Management of KS Inc. Purchases 31 Shares of Snap-on Incorporated (NYSE:SNA)

United Capital Management of KS Inc. lifted its position in shares of Snap-on Incorporated (NYSE:SNA) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,937 shares of the company’s stock after buying an additional 31 shares during the quarter. United Capital Management of KS Inc.’s holdings in Snap-on were worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bleakley Financial Group LLC bought a new position in shares of Snap-on during the fourth quarter worth approximately $512,000. Vest Financial LLC increased its stake in shares of Snap-on by 2.4% during the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after purchasing an additional 2,460 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after purchasing an additional 1,605 shares during the period. World Investment Advisors LLC bought a new position in shares of Snap-on during the third quarter worth approximately $19,291,000. Finally, Avanza Fonder AB bought a new position in shares of Snap-on during the fourth quarter worth approximately $1,936,000. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 100,668 shares in the company, valued at $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,220 shares of company stock worth $6,906,802. Insiders own 4.10% of the company’s stock.

Snap-on Trading Up 2.4 %

Shares of NYSE:SNA opened at $331.93 on Friday. The business’s 50 day simple moving average is $341.60 and its 200 day simple moving average is $329.06. The company has a market capitalization of $17.39 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.21 and a beta of 0.99. 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.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.58%. Snap-on’s payout ratio is 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.