Snap-on Incorporated (NYSE:SNA) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in Snap-on Incorporated (NYSE:SNA) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,392 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Snap-on were worth $3,290,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $33,000. Exchange Traded Concepts LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $43,000. Peoples Bank KS acquired a new stake in shares of Snap-on during the third quarter worth $40,000. Fortitude Family Office LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $53,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the transaction, the chief executive officer now owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,930 shares of company stock worth $14,089,523. 4.10% of the stock is owned by corporate insiders.

Snap-on Price Performance

Snap-on stock traded up $0.54 during midday trading on Friday, reaching $270.70. The company’s stock had a trading volume of 237,139 shares, compared to its average volume of 313,779. Snap-on Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. The stock’s 50 day simple moving average is $284.21 and its 200 day simple moving average is $278.66. The firm has a market capitalization of $14.27 billion, a PE ratio of 14.20, a P/E/G ratio of 1.89 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $4.60 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts forecast that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s dividend payout ratio is currently 39.03%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird decreased their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Tigress Financial reaffirmed a “buy” rating and set a $336.00 price target on shares of Snap-on in a report on Friday, February 16th. Roth Mkm reissued a “buy” rating and issued a $324.00 target price on shares of Snap-on in a report on Thursday, April 18th. Finally, Barrington Research reissued an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

Snap-on 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.