Brown Miller Wealth Management LLC Buys Shares of 1,721 Snap-on Incorporated (NYSE:SNA)

Brown Miller Wealth Management LLC bought a new stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,721 shares of the company's stock, valued at approximately $580,000.

Several other institutional investors have also added to or reduced their stakes in SNA. Savant Capital LLC boosted its stake in Snap-on by 13.4% during the 4th quarter. Savant Capital LLC now owns 1,748 shares of the company's stock valued at $593,000 after purchasing an additional 206 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Snap-on by 89.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,951 shares of the company's stock valued at $6,016,000 after purchasing an additional 8,471 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Snap-on by 7.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 21,296 shares of the company's stock valued at $7,316,000 after purchasing an additional 1,400 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Snap-on by 443.9% during the 4th quarter. Vontobel Holding Ltd. now owns 10,704 shares of the company's stock valued at $3,634,000 after purchasing an additional 8,736 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its stake in shares of Snap-on by 3.8% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,524 shares of the company's stock worth $517,000 after buying an additional 56 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 5,553 shares of the business'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 completion of the transaction, the chief financial officer now owns 109,560 shares in the company, valued at $35,808,590.40. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,515 shares of company stock worth $17,094,296. Corporate insiders own 3.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SNA shares. Tigress Financial lifted their price objective on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Robert W. Baird cut their price objective on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a report on Monday, March 31st. Wall Street Zen raised Snap-on from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $350.83.

Snap-on Price Performance

NYSE SNA opened at $309.86 on Monday. The company has a market capitalization of $16.20 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The business's fifty day moving average is $319.15 and its 200 day moving average is $333.81. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90.

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

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th were given a dividend of $2.14 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $8.56 annualized dividend and a yield of 2.76%. Snap-on's dividend payout ratio (DPR) is presently 44.82%.

Snap-on 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.

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