Mather Group LLC. Acquires 50 Shares of Snap-on Incorporated (NYSE:SNA)

Mather Group LLC. lifted its holdings in Snap-on Incorporated (NYSE:SNA) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330 shares of the company’s stock after acquiring an additional 50 shares during the period. Mather Group LLC.’s holdings in Snap-on were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Snap-on in the third quarter worth about $30,000. Brooklyn Investment Group bought a new stake in Snap-on in the third quarter worth about $39,000. nVerses Capital LLC bought a new stake in Snap-on in the third quarter worth about $58,000. Finally, Private Trust Co. NA lifted its stake in Snap-on by 38.2% in the third quarter. Private Trust Co. NA now owns 217 shares of the company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Performance

Shares of SNA stock opened at $338.05 on Friday. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.23 and a beta of 0.99. The company’s 50 day moving average is $348.45 and its 200 day moving average is $318.53. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. During the same quarter last year, the business earned $4.75 EPS. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.05 EPS for the current fiscal year.

Insider Activity at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,192 shares of company stock valued at $11,400,978 over the last ninety days. 4.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on SNA. Robert W. Baird raised their price objective on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Tigress Financial raised their price objective on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $360.00 price target on shares of Snap-on in a research note on Monday, February 3rd. Bank of America lifted their price target on shares of Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research note on Friday, October 18th. Finally, Roth Mkm lifted their price target on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Snap-on currently has a consensus rating of “Hold” and an average price target of $347.40.

About Snap-on

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.