1,121 Shares in Snap-on Incorporated (NYSE:SNA) Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC purchased a new stake in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,121 shares of the company’s stock, valued at approximately $324,000.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Snap-on by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company’s stock worth $325,509,000 after purchasing an additional 26,260 shares during the period. Nordea Investment Management AB raised its stake in shares of Snap-on by 52.8% during the 4th quarter. Nordea Investment Management AB now owns 864,565 shares of the company’s stock worth $249,743,000 after buying an additional 298,727 shares during the period. Northern Trust Corp lifted its position in shares of Snap-on by 4.6% during the 3rd quarter. Northern Trust Corp now owns 834,148 shares of the company’s stock valued at $212,758,000 after buying an additional 36,556 shares in the last quarter. Earnest Partners LLC grew its stake in Snap-on by 5.8% in the 3rd quarter. Earnest Partners LLC now owns 775,131 shares of the company’s stock valued at $197,705,000 after acquiring an additional 42,701 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Snap-on by 25.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company’s stock worth $188,355,000 after acquiring an additional 147,997 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Trading Up 1.5 %

Shares of SNA stock traded up $4.20 during trading on Thursday, hitting $280.11. 156,326 shares of the stock traded hands, compared to its average volume of 309,120. The firm has a market capitalization of $14.77 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. Snap-on Incorporated has a 52-week low of $247.68 and a 52-week high of $298.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The firm’s fifty day moving average price is $284.48 and its 200-day moving average price is $279.79.

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

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s dividend payout ratio (DPR) is 39.03%.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the completion of the transaction, the chief financial officer now owns 95,661 shares of the company’s stock, valued at approximately $26,014,052.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 7,522 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the completion of the sale, the chief financial officer now owns 95,661 shares in the company, valued at $26,014,052.34. The disclosure for this sale can be found here. Insiders have sold 49,930 shares of company stock worth $14,089,523 over the last three months. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SNA shares. Barrington Research reissued an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Robert W. Baird decreased their target price on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Tigress Financial reiterated a “buy” rating and set a $336.00 price target on shares of Snap-on in a research report on Friday, February 16th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

Snap-on Company 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.