Snap-On Incorporated $SNA Shares Bought by Vest Financial LLC

Vest Financial LLC increased its stake in Snap-On Incorporated (NYSE:SNA) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,852 shares of the company’s stock after acquiring an additional 12,472 shares during the period. Vest Financial LLC’s holdings in Snap-On were worth $51,928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BankPlus Trust Department lifted its stake in Snap-On by 5.9% in the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock valued at $187,000 after buying an additional 30 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Snap-On by 0.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $2,546,000 after purchasing an additional 31 shares in the last quarter. Cardinal Capital Management boosted its position in shares of Snap-On by 0.3% during the 3rd quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock worth $3,880,000 after purchasing an additional 32 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Snap-On by 13.5% during the 2nd quarter. Penserra Capital Management LLC now owns 278 shares of the company’s stock worth $86,000 after purchasing an additional 33 shares during the period. Finally, PAX Financial Group LLC lifted its stake in shares of Snap-On by 5.4% in the second quarter. PAX Financial Group LLC now owns 663 shares of the company’s stock valued at $206,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Buying and Selling

In other Snap-On news, CFO Aldo John Pagliari sold 6,779 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $352.20, for a total value of $2,387,563.80. Following the transaction, the chief financial officer directly owned 111,888 shares of the company’s stock, valued at $39,406,953.60. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard Thomas Miller sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $348.27, for a total value of $696,540.00. Following the completion of the sale, the vice president directly owned 4,158 shares of the company’s stock, valued at $1,448,106.66. The trade was a 32.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,036 shares of company stock valued at $13,710,988 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research note on Wednesday, October 15th. Roth Capital reissued a “buy” rating and set a $385.00 price target on shares of Snap-On in a research report on Friday, October 17th. Tigress Financial upped their target price on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Robert W. Baird raised their price target on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Finally, Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $365.00.

Snap-On Stock Performance

Snap-On stock opened at $369.33 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $366.17. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 2.54 and a beta of 0.80. The stock’s 50-day moving average is $347.59 and its 200-day moving average is $337.40.

Snap-On Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were given a dividend of $2.44 per share. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. The ex-dividend date of this dividend was Friday, November 21st. This represents a $9.76 dividend on an annualized basis and a yield of 2.6%. Snap-On’s dividend payout ratio is currently 51.18%.

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.