SG Americas Securities LLC Has $5.87 Million Stock Holdings in Snap-On Incorporated $SNA

SG Americas Securities LLC grew its stake in shares of Snap-On Incorporated (NYSE:SNA) by 211.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,947 shares of the company’s stock after purchasing an additional 11,502 shares during the period. SG Americas Securities LLC’s holdings in Snap-On were worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SNA. HB Wealth Management LLC raised its stake in Snap-On by 5.7% during the 3rd quarter. HB Wealth Management LLC now owns 1,418 shares of the company’s stock worth $491,000 after buying an additional 77 shares during the period. Burford Brothers Inc. increased its holdings in shares of Snap-On by 12.6% during the third quarter. Burford Brothers Inc. now owns 1,835 shares of the company’s stock valued at $636,000 after acquiring an additional 205 shares in the last quarter. CX Institutional increased its holdings in shares of Snap-On by 44.6% during the third quarter. CX Institutional now owns 350 shares of the company’s stock valued at $121,000 after acquiring an additional 108 shares in the last quarter. Childress Capital Advisors LLC acquired a new position in shares of Snap-On during the third quarter worth approximately $253,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Snap-On by 3.6% in the 3rd quarter. Park Avenue Securities LLC now owns 33,989 shares of the company’s stock worth $11,778,000 after purchasing an additional 1,174 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 6,779 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were 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 approximately $39,406,953.60. The trade was a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Thomas Miller sold 2,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $348.27, for a total transaction of $696,540.00. Following the sale, the vice president owned 4,158 shares of the company’s stock, valued at $1,448,106.66. This trade represents a 32.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,036 shares of company stock valued at $13,710,988. 3.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on SNA shares. Robert W. Baird upped their price objective on shares of Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating and set a $385.00 price objective on shares of Snap-On in a report on Friday, October 17th. Finally, Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a report on Wednesday, October 15th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.00.

Snap-On Trading Up 0.3%

NYSE:SNA opened at $362.29 on Friday. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $366.17. The firm has a 50-day moving average price of $344.77 and a two-hundred day moving average price of $334.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.37 and a current ratio of 4.40. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.54 and a beta of 0.80.

Snap-On (NYSE:SNA) last released its earnings results on Thursday, October 16th. The company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.12. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.Snap-On’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.70 earnings per share. On average, equities analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a dividend of $2.44 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. This is a boost from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is 51.18%.

About Snap-On

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.