Mutual of America Capital Management LLC Acquires 79 Shares of Snap-on Incorporated (NYSE:SNA)

Mutual of America Capital Management LLC increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,376 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Snap-on were worth $3,074,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in Snap-on in the fourth quarter valued at about $30,000. BKM Wealth Management LLC acquired a new position in Snap-on in the fourth quarter valued at about $33,000. Exchange Traded Concepts LLC acquired a new position in Snap-on in the fourth quarter valued at about $43,000. Fortitude Family Office LLC acquired a new position in Snap-on in the fourth quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Snap-on in the fourth quarter valued at about $53,000. 84.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 8,434 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $265.17, for a total value of $2,236,443.78. Following the completion of the transaction, the senior vice president now directly owns 252 shares of the company’s stock, valued at approximately $66,822.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Aldo John Pagliari sold 5,978 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 97,699 shares in the company, valued at approximately $27,048,945.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jesus Arregui sold 8,434 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $265.17, for a total transaction of $2,236,443.78. Following the transaction, the senior vice president now owns 252 shares of the company’s stock, valued at $66,822.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,632 shares of company stock valued at $10,353,409. Company insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

SNA stock opened at $268.00 on Friday. The company has a 50 day moving average price of $268.55 and a 200 day moving average price of $278.22. The stock has a market capitalization of $14.13 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. Snap-on Incorporated has a fifty-two week low of $249.84 and a fifty-two 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.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $4.60 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, May 17th. Snap-on’s payout ratio is presently 39.03%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research note on Wednesday, May 22nd. Robert W. Baird dropped their price objective on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Roth Mkm restated a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

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.