Financial Planning Hawaii Inc. Takes Position in Snap-On Incorporated $SNA

Financial Planning Hawaii Inc. acquired a new stake in Snap-On Incorporated (NYSE:SNA) in the fourth quarter, Holdings Channel reports. The firm acquired 2,294 shares of the company’s stock, valued at approximately $791,000.

Several other large investors have also recently added to or reduced their stakes in SNA. State Street Corp lifted its holdings in Snap-On by 1.6% during the 3rd quarter. State Street Corp now owns 2,243,970 shares of the company’s stock worth $777,603,000 after buying an additional 36,130 shares in the last quarter. First Trust Advisors LP increased its position in shares of Snap-On by 1.3% during the third quarter. First Trust Advisors LP now owns 1,916,571 shares of the company’s stock worth $664,149,000 after acquiring an additional 23,863 shares during the period. Nordea Investment Management AB increased its position in shares of Snap-On by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 1,310,198 shares of the company’s stock worth $454,206,000 after acquiring an additional 51,486 shares during the period. Bank of America Corp DE raised its stake in shares of Snap-On by 2.0% in the third quarter. Bank of America Corp DE now owns 933,495 shares of the company’s stock valued at $323,484,000 after acquiring an additional 18,549 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Snap-On by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 800,946 shares of the company’s stock valued at $249,073,000 after purchasing an additional 119,089 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 7,043 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the completion of the sale, the chief financial officer owned 117,183 shares in the company, valued at $44,769,765.15. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy L. Chambers sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $385.13, for a total transaction of $3,081,040.00. Following the completion of the transaction, the senior vice president owned 19,480 shares in the company, valued at $7,502,332.40. This represents a 29.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,650 shares of company stock worth $15,210,959 in the last three months. 3.80% of the stock is owned by company insiders.

Snap-On Stock Performance

Shares of SNA stock opened at $356.30 on Tuesday. The company has a market cap of $18.55 billion, a P/E ratio of 18.57, a PEG ratio of 2.48 and a beta of 0.78. The firm has a fifty day moving average price of $373.49 and a 200 day moving average price of $354.27. The company has a current ratio of 4.79, a quick ratio of 3.68 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $390.13.

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

Snap-On Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Tigress Financial increased their price target on Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Robert W. Baird set a $375.00 price objective on Snap-On in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and set a $409.00 target price (up from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $372.80.

Snap-On Company 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.