UNIVEST FINANCIAL Corp Has $1.30 Million Holdings in Snap-on Incorporated (NYSE:SNA)

UNIVEST FINANCIAL Corp lifted its position in shares of Snap-on Incorporated (NYSE:SNA) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,834 shares of the company’s stock after purchasing an additional 49 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Snap-on were worth $1,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Snap-on during the fourth quarter valued at $148,839,000. Proficio Capital Partners LLC acquired a new stake in Snap-on in the fourth quarter valued at $57,738,000. Benjamin Edwards Inc. lifted its holdings in Snap-on by 2,691.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock worth $45,810,000 after buying an additional 152,428 shares during the period. Nordea Investment Management AB grew its position in shares of Snap-on by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after buying an additional 127,859 shares during the last quarter. Finally, Amundi increased its stake in shares of Snap-on by 137.0% in the fourth quarter. Amundi now owns 201,207 shares of the company’s stock valued at $68,039,000 after buying an additional 116,319 shares during the period. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares in the company, valued at $86,817.17. This represents a 96.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.

Snap-on Stock Up 0.4 %

Shares of NYSE SNA opened at $337.39 on Thursday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm has a market cap of $17.69 billion, a PE ratio of 17.30, a P/E/G ratio of 2.21 and a beta of 0.99. The company’s fifty day simple moving average is $340.71 and its 200 day simple moving average is $332.73.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the prior year, the firm posted $4.75 earnings per share. As a group, sell-side analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Monday, February 24th. Snap-on’s payout ratio is 43.90%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial upped their price objective on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $346.40.

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.