Snap-On Incorporated (NYSE:SNA) Stock Holdings Increased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 417.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,485 shares of the company's stock after acquiring an additional 8,457 shares during the period. Kingsview Wealth Management LLC's holdings in Snap-On were worth $3,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TrinityPoint Wealth LLC increased its stake in Snap-On by 0.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 4,164 shares of the company's stock worth $1,414,000 after acquiring an additional 33 shares during the last quarter. Richwood Investment Advisors LLC lifted its holdings in shares of Snap-On by 1.2% during the 4th quarter. Richwood Investment Advisors LLC now owns 3,053 shares of the company's stock valued at $1,036,000 after purchasing an additional 35 shares during the last quarter. Centric Wealth Management increased its position in shares of Snap-On by 0.4% in the 4th quarter. Centric Wealth Management now owns 8,440 shares of the company's stock valued at $2,865,000 after acquiring an additional 36 shares during the period. Canandaigua National Trust Co of Florida grew its position in Snap-On by 5.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 716 shares of the company's stock worth $241,000 after purchasing an additional 37 shares during the period. Finally, Advisors Capital Management LLC raised its position in Snap-On by 3.4% during the fourth quarter. Advisors Capital Management LLC now owns 1,178 shares of the company's stock valued at $400,000 after acquiring an additional 39 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Snap-On 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 sale, the chief financial officer owned 109,560 shares of the company's stock, valued at $35,808,590.40. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director directly owned 8,030 shares in the company, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,815 shares of company stock worth $9,482,532. 3.90% of the stock is owned by company insiders.

Snap-On Stock Down 0.4%

Shares of NYSE:SNA traded down $1.25 during trading on Friday, hitting $336.55. The company's stock had a trading volume of 619,623 shares, compared to its average volume of 369,908. The business has a 50 day moving average price of $318.89 and a two-hundred day moving average price of $327.74. The company has a market capitalization of $17.60 billion, a PE ratio of 17.95, a P/E/G ratio of 2.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.18 and a current ratio of 4.48. Snap-On Incorporated has a fifty-two week low of $266.56 and a fifty-two week high of $373.90.

Snap-On (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $4.72 earnings per share for the quarter, beating analysts' consensus estimates of $4.61 by $0.11. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the company earned $5.07 earnings per share. Snap-On's quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were paid a dividend of $2.14 per share. The ex-dividend date was Tuesday, May 20th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. Snap-On's dividend payout ratio (DPR) is 44.82%.

Wall Street Analysts Forecast Growth

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

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.