757 Shares in Snap-on Incorporated (NYSE:SNA) Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC acquired a new stake in shares of Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 757 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC grew its holdings in shares of Snap-on by 22.4% in the first quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock valued at $2,985,000 after acquiring an additional 2,657 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Snap-on by 6.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock valued at $1,469,000 after purchasing an additional 407 shares during the period. Sei Investments Co. increased its position in shares of Snap-on by 11.3% during the 1st quarter. Sei Investments Co. now owns 125,365 shares of the company’s stock valued at $25,727,000 after purchasing an additional 12,720 shares during the last quarter. Aviva PLC raised its stake in shares of Snap-on by 12.3% during the 1st quarter. Aviva PLC now owns 33,102 shares of the company’s stock worth $6,802,000 after purchasing an additional 3,636 shares during the period. Finally, Prudential PLC purchased a new position in shares of Snap-on in the 1st quarter worth about $302,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the sale, the chief financial officer now owns 93,183 shares in the company, valued at $25,213,456.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Anup R. Banerjee sold 12,397 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $283.13, for a total transaction of $3,509,962.61. Following the transaction, the senior vice president now directly owns 11,420 shares in the company, valued at approximately $3,233,344.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,664 shares of company stock worth $13,189,544. Corporate insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock traded down $0.78 on Thursday, reaching $296.16. The company’s stock had a trading volume of 107,465 shares, compared to its average volume of 306,080. Snap-on Incorporated has a 12-month low of $226.68 and a 12-month high of $298.49. The stock’s 50 day simple moving average is $283.38 and its 200-day simple moving average is $274.79. The company has a quick ratio of 2.81, a current ratio of 3.88 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $15.65 billion, a P/E ratio of 15.84, a PEG ratio of 2.08 and a beta of 0.98.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $4.42 EPS. As a group, equities analysts predict that Snap-on Incorporated will post 19.21 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, February 23rd. Snap-on’s dividend payout ratio is currently 39.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNA shares. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a report on Thursday, February 8th. Tigress Financial restated a “buy” rating and issued a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $306.00.

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.