UNIVEST FINANCIAL Corp Purchases 54 Shares of Snap-On Incorporated $SNA

UNIVEST FINANCIAL Corp lifted its stake in shares of Snap-On Incorporated (NYSE:SNA) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,263 shares of the company’s stock after acquiring an additional 54 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Snap-On were worth $1,016,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Forvis Mazars Wealth Advisors LLC lifted its position in shares of Snap-On by 0.7% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 4,607 shares of the company’s stock valued at $1,553,000 after acquiring an additional 32 shares during the period. Horizon Investments LLC lifted its position in shares of Snap-On by 4.3% during the 1st quarter. Horizon Investments LLC now owns 775 shares of the company’s stock valued at $261,000 after acquiring an additional 32 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Snap-On by 5.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 694 shares of the company’s stock valued at $234,000 after acquiring an additional 34 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Snap-On by 28.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock valued at $49,000 after acquiring an additional 35 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Snap-On by 52.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Wall Street Analyst Weigh In

SNA has been the topic of a number of research reports. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Bank of America boosted their target price on shares of Snap-On from $265.00 to $285.00 and gave the company an “underperform” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $385.00 price objective on shares of Snap-On in a report on Friday, October 17th. Finally, Tigress Financial upped their price objective on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Snap-On currently has a consensus rating of “Moderate Buy” and an average price target of $365.00.

Snap-On Stock Performance

SNA opened at $338.63 on Friday. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $336.00 and its two-hundred day moving average price is $325.06. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $373.89. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.33 and a beta of 0.78.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, October 16th. The company reported $4.71 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $4.70 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Announces Dividend

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

Insider Buying and Selling at Snap-On

In other news, CEO Nicholas T. Pinchuk sold 23,042 shares of the company’s 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 in the company, valued at $261,587,472.72. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 125 shares of the company’s stock in a transaction on Friday, August 15th. The stock was 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,898 shares of company stock valued at $8,983,203. Company insiders own 3.90% of the company’s stock.

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.