Snap-on Incorporated (NYSE:SNA) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in shares of Snap-on Incorporated (NYSE:SNA) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 17,718 shares of the company’s stock after selling 220 shares during the period. Foster & Motley Inc.’s holdings in Snap-on were worth $5,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in Snap-on in the fourth quarter worth $33,000. Peoples Bank KS purchased a new position in Snap-on in the third quarter valued at about $40,000. Exchange Traded Concepts LLC purchased a new stake in shares of Snap-on during the 4th quarter worth approximately $43,000. Itau Unibanco Holding S.A. purchased a new stake in Snap-on during the third quarter worth $49,000. Finally, Orion Capital Management LLC purchased a new position in shares of Snap-on in the third quarter valued at $49,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the sale, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Aldo John Pagliari sold 3,231 shares of Snap-on stock in a transaction that occurred 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 transaction, the chief financial officer now owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,368 shares of company stock valued at $13,399,449. Corporate insiders own 4.10% of the company’s stock.

Snap-on Stock Down 0.1 %

NYSE SNA traded down $0.24 on Monday, hitting $268.56. 374,150 shares of the stock traded hands, compared to its average volume of 315,968. The stock has a 50-day moving average of $283.78 and a 200 day moving average of $278.60. Snap-on Incorporated has a twelve month low of $247.68 and a twelve month high of $298.49. The company has a market capitalization of $14.16 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $4.60 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect that Snap-on Incorporated will post 19.24 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.77%. Snap-on’s dividend payout ratio is 39.03%.

Analyst Ratings Changes

SNA has been the subject of a number of analyst reports. Robert W. Baird cut their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday. Roth Mkm reiterated a “buy” rating and set a $324.00 price target on shares of Snap-on in a report on Thursday. Tigress Financial restated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Friday, February 16th. Finally, Barrington Research reissued an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.