Elkfork Partners LLC purchased a new position in Snap-on (NYSE:SNA) in the fourth quarter, HoldingsChannel reports. The firm purchased 212,156 shares of the company’s stock, valued at approximately $36,979,000. Snap-on comprises 1.3% of Elkfork Partners LLC’s holdings, making the stock its 13th biggest holding.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in Snap-on in the 4th quarter worth approximately $146,000. Amica Retiree Medical Trust purchased a new position in Snap-on in the 3rd quarter worth approximately $165,000. Glenview State Bank Trust DEPT. purchased a new position in Snap-on in the 4th quarter worth approximately $206,000. Visionary Asset Management Inc. purchased a new position in Snap-on in the 3rd quarter worth approximately $215,000. Finally, Wasatch Advisors Inc. purchased a new position in Snap-on in the 3rd quarter worth approximately $224,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
A number of equities analysts have weighed in on SNA shares. Zacks Investment Research cut Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Barrington Research restated a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. B. Riley restated a “buy” rating and issued a $205.00 price target on shares of Snap-on in a report on Thursday, January 4th. Finally, Robert W. Baird restated a “buy” rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a report on Monday, January 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $192.00.
Snap-on (SNA) opened at $148.41 on Friday. The company has a market capitalization of $8,552.97, a P/E ratio of 15.59, a PEG ratio of 1.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78. Snap-on has a one year low of $140.83 and a one year high of $185.47.
Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.47 EPS. sell-side analysts anticipate that Snap-on will post 11.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, March 1st. Snap-on’s dividend payout ratio (DPR) is currently 34.45%.
In other news, SVP Anup R. Banerjee sold 2,091 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $160.11, for a total transaction of $334,790.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,355 shares of company stock valued at $24,058,960. Company insiders own 4.00% of the company’s stock.
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Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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