Snap-on Incorporated (NYSE:SNA) Shares Acquired by Intrust Bank NA

Intrust Bank NA raised its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,227 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Intrust Bank NA’s holdings in Snap-on were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Snap-on during the fourth quarter worth approximately $33,000. Peoples Bank KS purchased a new stake in Snap-on during the third quarter worth approximately $40,000. Exchange Traded Concepts LLC purchased a new position in shares of Snap-on in the 4th quarter valued at $43,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap-on during the 3rd quarter valued at $49,000. Finally, Orion Capital Management LLC acquired a new stake in Snap-on in the 3rd quarter valued at $49,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snap-on

In related news, CFO Aldo John Pagliari sold 7,522 shares of Snap-on stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $271.94, for a total value of $2,045,532.68. Following the transaction, the chief financial officer now owns 95,661 shares of the company’s stock, valued at approximately $26,014,052.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 7,522 shares of Snap-on stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the completion of the transaction, the chief financial officer now directly owns 95,661 shares in the company, valued at approximately $26,014,052.34. The disclosure for this sale can be found here. In the last three months, insiders sold 49,930 shares of company stock valued at $14,089,523. 4.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Tigress Financial restated 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 reiterated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Finally, Roth Mkm restated a “buy” rating and set a $324.00 price objective on shares of Snap-on in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $316.75.

Snap-on Stock Performance

Shares of Snap-on stock traded down $0.08 during trading on Tuesday, hitting $272.17. 8,145 shares of the stock were exchanged, compared to its average volume of 309,503. The stock has a market cap of $14.35 billion, a PE ratio of 14.29, a P/E/G ratio of 1.87 and a beta of 0.99. The stock’s fifty day moving average is $284.39 and its 200 day moving average is $279.11. Snap-on Incorporated has a 12 month low of $247.68 and a 12 month high of $298.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating 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 company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $4.60 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snap-on Incorporated will post 19.02 EPS for the current year.

Snap-on Announces Dividend

The firm also recently declared 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. This represents a $7.44 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

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.