Captrust Financial Advisors Buys 1,261 Shares of Snap-on Incorporated (NYSE:SNA)

Captrust Financial Advisors raised its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,999 shares of the company's stock after purchasing an additional 1,261 shares during the period. Captrust Financial Advisors' holdings in Snap-on were worth $3,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SNA. Bleakley Financial Group LLC bought a new stake in shares of Snap-on during the 4th quarter valued at about $512,000. Vest Financial LLC lifted its stake in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after acquiring an additional 2,460 shares during the period. Avanza Fonder AB acquired a new stake in shares of Snap-on in the 4th quarter worth approximately $1,936,000. Empirical Finance LLC lifted its stake in shares of Snap-on by 45.8% in the 4th quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock worth $2,005,000 after acquiring an additional 1,856 shares during the period. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Snap-on in the 4th quarter worth approximately $272,000. Institutional investors own 84.88% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SNA. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price for the company in a research note on Monday, March 31st. Barrington Research reissued an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research note on Thursday, April 17th. Robert W. Baird cut their price target on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Tigress Financial boosted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Snap-on from a "hold" rating to a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Snap-on has an average rating of "Moderate Buy" and a consensus target price of $350.83.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 5,553 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $326.84, for a total value of $1,814,942.52. Following the transaction, the chief financial officer now directly owns 109,560 shares in the company, valued at approximately $35,808,590.40. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now owns 793,932 shares in the company, valued at $266,221,278.24. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,113 shares of company stock worth $11,752,590. Insiders own 3.90% of the company's stock.

Snap-on Trading Up 0.8%

Shares of NYSE:SNA traded up $2.67 during trading on Friday, hitting $330.56. 76,168 shares of the company's stock were exchanged, compared to its average volume of 360,162. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. The firm has a 50-day moving average price of $322.53 and a two-hundred day moving average price of $338.75. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The firm has a market cap of $17.29 billion, a P/E ratio of 16.95, a PEG ratio of 2.21 and a beta of 0.78.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $4.91 EPS. Equities analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be issued a dividend of $2.14 per share. The ex-dividend date is Tuesday, May 20th. This represents a $8.56 dividend on an annualized basis and a yield of 2.59%. Snap-on's payout ratio is 44.82%.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.