Snap-On Incorporated (NYSE:SNA) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp trimmed its position in Snap-On Incorporated (NYSE:SNA) by 16.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,209 shares of the company’s stock after selling 625 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Snap-On were worth $1,082,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Snap-On by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 17,220 shares of the company’s stock worth $5,846,000 after purchasing an additional 901 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Snap-On by 6.5% during the 4th quarter. Alliancebernstein L.P. now owns 80,250 shares of the company’s stock worth $27,243,000 after purchasing an additional 4,919 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Snap-On by 24.0% during the 4th quarter. Summit Financial LLC now owns 1,299 shares of the company’s stock worth $441,000 after purchasing an additional 251 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Snap-On by 92.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,080 shares of the company’s stock worth $706,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Snap-On by 16.5% during the 4th quarter. Franklin Resources Inc. now owns 101,375 shares of the company’s stock worth $34,415,000 after purchasing an additional 14,349 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNA has been the topic of several recent research reports. Bank of America boosted their target price on Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a report on Friday, July 18th. Robert W. Baird upped their price objective on Snap-On from $329.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-On in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $356.17.

Snap-On Stock Down 1.1%

Shares of NYSE SNA opened at $317.56 on Friday. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.24 and a beta of 0.76. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21. Snap-On Incorporated has a 52-week low of $266.56 and a 52-week high of $373.89. The business’s 50 day moving average is $318.96 and its two-hundred day moving average is $327.13.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.61 by $0.11. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.07 earnings per share. Research analysts predict that Snap-On Incorporated will post 19.79 EPS for the current year.

Insider Transactions at Snap-On

In other news, Director Karen L. Daniel sold 1,090 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total transaction of $348,712.80. Following the sale, the director owned 8,030 shares of the company’s stock, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 5,553 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total value of $1,814,942.52. Following the sale, the chief financial officer directly owned 109,560 shares in the company, valued at $35,808,590.40. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,815 shares of company stock valued at $9,482,532. 3.90% of the stock is currently owned by company insiders.

About Snap-On

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.