Twin Capital Management Inc. Has $4.44 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Twin Capital Management Inc. lessened its stake in Snap-on Incorporated (NYSE:SNA) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,372 shares of the company’s stock after selling 251 shares during the quarter. Twin Capital Management Inc.’s holdings in Snap-on were worth $4,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC raised its stake in Snap-on by 96.3% in the first quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after purchasing an additional 52 shares in the last quarter. BKM Wealth Management LLC acquired a new position in Snap-on during the fourth quarter worth about $33,000. Parkside Financial Bank & Trust raised its stake in Snap-on by 57.3% during the first quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Snap-on during the fourth quarter worth about $43,000. Finally, Quarry LP raised its stake in Snap-on by 384.4% during the second quarter. Quarry LP now owns 155 shares of the company’s stock worth $45,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the subject of several research analyst reports. Tigress Financial reissued a “buy” rating and set a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Barrington Research restated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a report on Monday. Finally, Roth Mkm restated a “buy” rating and set a $324.00 price target on shares of Snap-on in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Snap-on currently has an average rating of “Hold” and an average price target of $306.00.

Snap-on Trading Down 7.0 %

SNA stock traded down $19.79 during trading on Thursday, hitting $263.71. The company had a trading volume of 525,107 shares, compared to its average volume of 307,666. The business has a 50-day moving average of $283.74 and a 200-day moving average of $278.27. Snap-on Incorporated has a one year low of $239.08 and a one year high of $298.49. The stock has a market cap of $13.93 billion, a PE ratio of 14.28, a PEG ratio of 2.02 and a beta of 0.99. The company has a current ratio of 3.88, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 8th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $4.42 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts predict that Snap-on Incorporated will post 19.22 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 11th. Stockholders of record on Monday, February 26th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, February 23rd. Snap-on’s payout ratio is 39.68%.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 3,231 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the sale, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The disclosure for this sale can be found here. Insiders have sold 47,368 shares of company stock valued at $13,399,449 over the last ninety days. 4.10% of the stock is owned by company insiders.

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.