Snap-on Incorporated (NYSE:SNA) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC increased its holdings in Snap-on Incorporated (NYSE:SNA) by 6.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,372 shares of the company’s stock after acquiring an additional 193 shares during the period. Claro Advisors LLC’s holdings in Snap-on were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNA. Diversified Trust Co increased its position in shares of Snap-on by 7.4% during the 1st quarter. Diversified Trust Co now owns 3,755 shares of the company’s stock worth $1,112,000 after purchasing an additional 260 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Snap-on in the 1st quarter valued at approximately $422,000. MCF Advisors LLC lifted its holdings in shares of Snap-on by 12.9% in the 1st quarter. MCF Advisors LLC now owns 843 shares of the company’s stock worth $250,000 after acquiring an additional 96 shares during the last quarter. Touchstone Capital Inc. purchased a new position in shares of Snap-on during the 1st quarter worth approximately $7,605,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Snap-on by 6.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,830 shares of the company’s stock valued at $10,317,000 after purchasing an additional 2,202 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of Snap-on stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the transaction, the chief financial officer now owns 97,699 shares of the company’s stock, valued at $27,048,945.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Aldo John Pagliari sold 5,978 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the completion of the sale, the chief financial officer now directly owns 97,699 shares in the company, valued at $27,048,945.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the transaction, the chief executive officer now owns 750,663 shares of the company’s stock, valued at $200,276,888.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,632 shares of company stock valued at $10,353,409. 4.10% of the stock is currently owned by insiders.

Snap-on Stock Performance

Shares of SNA stock opened at $256.90 on Tuesday. The stock’s 50-day moving average price is $270.38 and its 200 day moving average price is $279.69. Snap-on Incorporated has a 52-week low of $249.84 and a 52-week high of $298.49. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $13.54 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.60 earnings per share. As a group, equities research analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, May 17th. Snap-on’s payout ratio is 39.03%.

Wall Street Analyst Weigh In

SNA has been the subject of several research analyst reports. Robert W. Baird lowered their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barrington Research restated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a report on Wednesday, May 22nd. Finally, Roth Mkm reiterated a “buy” rating and set a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Snap-on presently has a consensus rating of “Moderate Buy” and a consensus target price 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.