Leeward Investments LLC MA Sells 1,633 Shares of Snap-on Incorporated (NYSE:SNA)

Leeward Investments LLC MA lessened its stake in shares of Snap-on Incorporated (NYSE:SNA) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,612 shares of the company’s stock after selling 1,633 shares during the period. Leeward Investments LLC MA’s holdings in Snap-on were worth $17,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bryn Mawr Capital Management LLC increased its holdings in Snap-on by 3.5% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 11,392 shares of the company’s stock valued at $3,290,000 after buying an additional 385 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Snap-on by 4.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,235 shares of the company’s stock valued at $357,000 after buying an additional 49 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Snap-on by 36.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,409 shares of the company’s stock worth $1,274,000 after purchasing an additional 1,181 shares during the last quarter. GAMMA Investing LLC purchased a new position in Snap-on in the fourth quarter worth $117,000. Finally, Telemus Capital LLC purchased a new position in Snap-on in the fourth quarter worth $309,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling

In related news, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Jesus Arregui sold 2,562 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $269.35, for a total value of $690,074.70. Following the completion of the sale, the senior vice president now owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Thomas Miller sold 704 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 49,930 shares of company stock worth $14,089,523 in the last 90 days. Insiders own 4.10% of the company’s stock.

Snap-on Trading Up 0.2 %

NYSE SNA opened at $270.70 on Friday. The company has a market capitalization of $14.27 billion, a PE ratio of 14.20, a P/E/G ratio of 1.87 and a beta of 0.99. The company has a fifty day moving average of $284.28 and a 200 day moving average of $278.74. Snap-on Incorporated has a 1 year low of $247.68 and a 1 year 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 quarterly earnings data 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. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Research analysts forecast that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s dividend payout ratio (DPR) is currently 39.03%.

Analysts Set New Price Targets

Several research firms have issued reports on SNA. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a report on Monday, April 15th. Robert W. Baird cut their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Roth Mkm reissued a “buy” rating and set a $324.00 price objective on shares of Snap-on in a report on Thursday, April 18th. Finally, Tigress Financial reissued a “buy” rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Snap-on presently has an average rating of “Moderate Buy” and a consensus price target of $316.75.

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.