Snap-On Incorporated $SNA Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Snap-On Incorporated (NYSE:SNA) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,717 shares of the company’s stock after selling 46 shares during the period. Yousif Capital Management LLC’s holdings in Snap-On were worth $2,090,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SNA. Alpine Bank Wealth Management bought a new position in Snap-On in the first quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in Snap-On in the second quarter worth about $30,000. Golden State Wealth Management LLC lifted its holdings in Snap-On by 421.1% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the company’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Snap-On by 248.3% in the first quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company’s stock worth $34,000 after acquiring an additional 72 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in Snap-On in the first quarter worth about $34,000. Institutional investors own 84.88% of the company’s stock.

Snap-On Price Performance

NYSE SNA opened at $339.61 on Friday. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $373.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.42. The firm has a market capitalization of $17.71 billion, a PE ratio of 17.81, a P/E/G ratio of 2.36 and a beta of 0.78. The company’s 50 day simple moving average is $332.77 and its 200 day simple moving average is $323.71.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 16th. The company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.12. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $4.70 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, August 19th. Snap-On’s dividend payout ratio (DPR) is currently 44.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNA shares. Roth Capital reissued a “buy” rating and issued a $385.00 target price on shares of Snap-On in a report on Friday. Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird lifted their price target on Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-On in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $363.57.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 23,042 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the transaction, the chief executive officer owned 815,219 shares in the company, valued at $261,587,472.72. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 4,731 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $327.38, for a total transaction of $1,548,834.78. Following the transaction, the chief financial officer owned 111,667 shares in the company, valued at $36,557,542.46. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,898 shares of company stock worth $8,983,203 in the last quarter. Company insiders own 3.90% of the company’s stock.

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.