Jones Financial Companies Lllp Boosts Position in Snap-On Incorporated $SNA

Jones Financial Companies Lllp lifted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 12.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,015 shares of the company’s stock after acquiring an additional 3,008 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.05% of Snap-On worth $9,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SNA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Snap-On by 15.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,850 shares of the company’s stock worth $2,983,000 after purchasing an additional 1,185 shares during the period. Woodline Partners LP lifted its holdings in Snap-On by 40.4% in the first quarter. Woodline Partners LP now owns 4,426 shares of the company’s stock worth $1,492,000 after buying an additional 1,273 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Snap-On in the second quarter worth about $30,000. Ascent Group LLC boosted its position in Snap-On by 22.2% during the 2nd quarter. Ascent Group LLC now owns 1,526 shares of the company’s stock valued at $475,000 after acquiring an additional 277 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Snap-On by 21.9% during the 2nd quarter. DAVENPORT & Co LLC now owns 789 shares of the company’s stock worth $246,000 after acquiring an additional 142 shares during the period. Institutional investors own 84.88% of the company’s stock.

Snap-On Stock Performance

Shares of Snap-On stock opened at $383.29 on Thursday. Snap-On Incorporated has a 1 year low of $289.81 and a 1 year high of $387.25. The firm’s 50-day moving average is $355.76 and its 200 day moving average is $341.17. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.66 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37.

Insider Activity

In other news, SVP Jesus Arregui sold 3,831 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $337.28, for a total transaction of $1,292,119.68. Following the sale, the senior vice president owned 2,642 shares in the company, valued at $891,093.76. This represents a 59.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $339.15, for a total transaction of $7,667,164.05. Following the sale, the chief executive officer directly owned 826,364 shares of the company’s stock, valued at $280,261,350.60. This trade represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,036 shares of company stock worth $13,710,988. Corporate insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SNA shares. Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a research note on Wednesday, October 15th. Roth Mkm reissued a “buy” rating and set a $385.00 price objective on shares of Snap-On in a research report on Friday, October 17th. Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Tigress Financial lifted their price target on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Robert W. Baird set a $370.00 price objective on shares of Snap-On in a research note on Friday, January 30th. Five research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.83.

Snap-On 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.