2,100 Shares in Snap-On Incorporated $SNA Acquired by Groupama Asset Managment

Groupama Asset Managment purchased a new position in Snap-On Incorporated (NYSE:SNA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,100 shares of the company’s stock, valued at approximately $728,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC raised its position in shares of Snap-On by 97.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 47 shares during the period. SJS Investment Consulting Inc. grew its position in Snap-On by 1,880.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Quent Capital LLC acquired a new stake in Snap-On in the 3rd quarter valued at $36,000. CoreFirst Bank & Trust bought a new stake in Snap-On during the 2nd quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Snap-On during the second quarter worth $43,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,229 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $383.36, for a total transaction of $8,905,069.44. Following the completion of the transaction, the chief executive officer directly owned 846,562 shares of the company’s stock, valued at approximately $324,538,008.32. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 117,183 shares of the company’s stock, valued at $44,769,765.15. This represents a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 39,650 shares of company stock worth $15,210,959. 3.90% of the stock is currently owned by company insiders.

Snap-On Price Performance

Shares of NYSE:SNA opened at $357.03 on Friday. The company has a market capitalization of $18.59 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78. The company’s 50-day moving average is $373.42 and its 200 day moving average is $352.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $390.13.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.86 by $0.08. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.82 earnings per share. On average, equities research analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $2.44 per share. The ex-dividend date was Tuesday, February 24th. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. Snap-On’s dividend payout ratio (DPR) is presently 50.86%.

Analyst Upgrades and Downgrades

SNA has been the topic of a number of recent research reports. Tigress Financial raised their price objective on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen lowered shares of Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Roth Mkm reaffirmed a “buy” rating and issued a $409.00 price target (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $375.00 price objective on Snap-On in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.33.

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.