Apriem Advisors Decreases Stock Position in Snap-On Incorporated $SNA

Apriem Advisors decreased its position in Snap-On Incorporated (NYSE:SNA) by 32.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,473 shares of the company’s stock after selling 5,002 shares during the quarter. Apriem Advisors’ holdings in Snap-On were worth $3,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam purchased a new position in shares of Snap-On in the 2nd quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its stake in Snap-On by 97.9% in 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 in the last quarter. SJS Investment Consulting Inc. lifted its stake in Snap-On by 1,880.0% in the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after acquiring an additional 94 shares during the period. Quent Capital LLC bought a new position in shares of Snap-On during the third quarter valued at approximately $36,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Snap-On in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling

In other news, SVP Timothy L. Chambers sold 8,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total value of $3,081,040.00. Following the transaction, the senior vice president owned 19,480 shares in the company, valued at approximately $7,502,332.40. This represents a 29.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 23,229 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 846,562 shares of the company’s stock, valued at $324,538,008.32. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 74,477 shares of company stock valued at $27,095,756. Corporate insiders own 3.90% of the company’s stock.

Snap-On Stock Down 0.2%

SNA stock opened at $385.04 on Tuesday. The firm has a market cap of $19.99 billion, a PE ratio of 20.06, a PEG ratio of 2.66 and a beta of 0.81. 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 one year low of $289.81 and a one year high of $390.13. The firm’s 50 day moving average price is $364.64 and its 200-day moving average price is $346.29.

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

Snap-On Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, February 24th. Snap-On’s dividend payout ratio (DPR) is presently 50.86%.

Wall Street Analyst Weigh In

SNA has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and issued a $409.00 target price (up from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th. Robert W. Baird set a $375.00 target price on shares of Snap-On in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.67.

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.