Vest Financial LLC Has $56.93 Million Stock Holdings in Snap-On Incorporated $SNA

Vest Financial LLC increased its position in shares of Snap-On Incorporated (NYSE:SNA) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 165,192 shares of the company’s stock after purchasing an additional 15,340 shares during the period. Vest Financial LLC’s holdings in Snap-On were worth $56,925,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new stake in shares of Snap-On during the 3rd quarter worth approximately $2,068,000. DNB Asset Management AS boosted its stake in Snap-On by 65.5% in the third quarter. DNB Asset Management AS now owns 23,702 shares of the company’s stock valued at $8,213,000 after buying an additional 9,377 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Snap-On by 1.3% in the third quarter. Bahl & Gaynor Inc. now owns 381,283 shares of the company’s stock valued at $132,126,000 after buying an additional 4,932 shares in the last quarter. Pensionfund Sabic acquired a new stake in Snap-On in the fourth quarter valued at about $1,206,000. Finally, Nordea Investment Management AB boosted its stake in Snap-On by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 1,310,198 shares of the company’s stock valued at $454,206,000 after buying an additional 51,486 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Stock Performance

Shares of SNA stock opened at $385.04 on Tuesday. Snap-On Incorporated has a 12 month low of $301.76 and a 12 month high of $400.88. The company has a current ratio of 3.53, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.62 and a beta of 0.77. The business’s 50-day moving average price is $374.59 and its 200-day moving average price is $359.39.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Snap-On had a return on equity of 17.13% and a net margin of 21.28%.Snap-On’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.51 earnings per share. Equities research analysts forecast that Snap-On Incorporated will post 19.81 EPS for the current year.

Snap-On Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Snap-On’s payout ratio is currently 50.39%.

Analyst Upgrades and Downgrades

SNA has been the topic of several research analyst reports. Tigress Financial raised their price objective on Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Roth Mkm reaffirmed a “buy” rating and issued a $431.00 price objective on shares of Snap-On in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Robert W. Baird lifted their price target on Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wall Street Zen lowered Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Snap-On currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.20.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 7,043 shares of Snap-On stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total value of $2,690,778.15. Following the transaction, the chief financial officer directly owned 117,183 shares of the company’s stock, valued at $44,769,765.15. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy L. Chambers sold 8,000 shares of Snap-On stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total value of $3,081,040.00. Following the completion of the transaction, the senior vice president directly owned 19,480 shares in the company, valued at approximately $7,502,332.40. This represents a 29.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,650 shares of company stock valued at $15,210,959 in the last ninety days. Insiders own 3.80% of the company’s stock.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.