Snap-On Incorporated $SNA Holdings Boosted by Journey Advisory Group LLC

Journey Advisory Group LLC boosted its position in shares of Snap-On Incorporated (NYSE:SNA) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,788 shares of the company’s stock after purchasing an additional 182 shares during the period. Journey Advisory Group LLC’s holdings in Snap-On were worth $3,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNA. GAMMA Investing LLC grew its position in Snap-On by 93.5% during the 1st quarter. GAMMA Investing LLC now owns 2,086 shares of the company’s stock worth $703,000 after purchasing an additional 1,008 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Snap-On by 6.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,322 shares of the company’s stock worth $15,949,000 after purchasing an additional 2,790 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Snap-On by 9.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 946 shares of the company’s stock worth $319,000 after purchasing an additional 83 shares in the last quarter. ORG Partners LLC grew its position in Snap-On by 150.8% during the 1st quarter. ORG Partners LLC now owns 158 shares of the company’s stock worth $54,000 after purchasing an additional 95 shares in the last quarter. Finally, Absher Wealth Management LLC boosted its stake in shares of Snap-On by 7.6% during the 1st quarter. Absher Wealth Management LLC now owns 76,207 shares of the company’s stock valued at $25,683,000 after buying an additional 5,398 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Roth Capital reissued a “buy” rating and set a $385.00 target price on shares of Snap-On in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Tigress Financial lifted their target price on shares of Snap-On from $390.00 to $395.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Robert W. Baird lifted their target price on shares of Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $363.57.

Insider Buying and Selling at Snap-On

In related news, CEO Nicholas T. Pinchuk sold 23,042 shares of Snap-On stock in a transaction on Monday, August 11th. The shares were sold at an average price of $320.88, for a total value of $7,393,716.96. Following the completion of the sale, the chief executive officer owned 815,219 shares of the company’s stock, valued at approximately $261,587,472.72. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 125 shares of Snap-On stock in a transaction on Friday, August 15th. The shares were sold at an average price of $325.21, for a total transaction of $40,651.25. Following the completion of the sale, the chief financial officer directly owned 111,721 shares of the company’s stock, valued at approximately $36,332,786.41. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,898 shares of company stock valued at $8,983,203. 3.90% of the stock is owned by company insiders.

Snap-On Stock Down 1.3%

SNA stock opened at $339.61 on Monday. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 1 year low of $289.81 and a 1 year high of $373.89. The company has a fifty day simple moving average of $332.77 and a 200 day simple moving average of $323.68. The firm has a market cap of $17.66 billion, a PE ratio of 17.81, a PEG ratio of 2.36 and a beta of 0.78.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 16th. The company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $4.70 EPS. Snap-On’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Snap-On’s payout ratio is presently 44.89%.

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.