Journey Strategic Wealth LLC Has $717,000 Stake in Snap-On Incorporated (NYSE:SNA)

Journey Strategic Wealth LLC boosted its stake in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 80.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,126 shares of the company's stock after buying an additional 948 shares during the period. Journey Strategic Wealth LLC's holdings in Snap-On were worth $717,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Snap-On by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock worth $2,174,233,000 after acquiring an additional 19,328 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Snap-On by 29.2% in the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company's stock valued at $617,651,000 after buying an additional 411,317 shares in the last quarter. Geode Capital Management LLC raised its stake in Snap-On by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock valued at $556,022,000 after buying an additional 27,700 shares during the period. Auto Owners Insurance Co raised its stake in Snap-On by 35,967.2% in the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company's stock valued at $361,612,000 after buying an additional 1,070,025 shares during the period. Finally, Earnest Partners LLC raised its stake in Snap-On by 1.9% in the fourth quarter. Earnest Partners LLC now owns 963,866 shares of the company's stock valued at $327,213,000 after buying an additional 18,209 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total transaction of $348,712.80. Following the sale, the director owned 8,030 shares of the company's stock, valued at $2,568,957.60. This represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,172 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $315.85, for a total value of $7,318,876.20. Following the completion of the sale, the chief executive officer directly owned 804,510 shares in the company, valued at approximately $254,104,483.50. This represents a 2.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,815 shares of company stock valued at $9,482,532 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

Snap-On Stock Performance

Shares of SNA traded down $0.22 during midday trading on Friday, reaching $330.11. 259,831 shares of the stock were exchanged, compared to its average volume of 377,600. The company has a market cap of $17.22 billion, a P/E ratio of 17.61, a PEG ratio of 2.30 and a beta of 0.76. Snap-On Incorporated has a twelve month low of $266.56 and a twelve month high of $373.89. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21. The stock's 50 day simple moving average is $319.16 and its 200 day simple moving average is $327.66.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.61 by $0.11. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.07 earnings per share. On average, sell-side analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Analyst Ratings Changes

SNA has been the topic of several research analyst reports. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Robert W. Baird upped their price objective on Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Longbow Research upgraded Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a research note on Monday, March 31st. Bank of America upped their price objective on Snap-On from $265.00 to $285.00 and gave the company an "underperform" rating in a research note on Friday, July 18th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-On in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $356.17.

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.