Jump Financial LLC Purchases 4,342 Shares of Snap-On Incorporated $SNA

Key Points

• Jump Financial LLC increased its stake in Snap-On Incorporated by 367.7% in the first quarter, owning 5,523 shares valued at approximately $1.86 million.
• The company declared a quarterly dividend of $2.14 per share, with a dividend yield of 2.6%, set to be paid on September 10th.
• Snap-On reported earnings of $4.72 per share for the most recent quarter, beating expectations and demonstrating a strong net margin of 20.98%.

Jump Financial LLC increased its holdings in Snap-On Incorporated (NYSE:SNA - Free Report) by 367.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,523 shares of the company's stock after acquiring an additional 4,342 shares during the period. Jump Financial LLC's holdings in Snap-On were worth $1,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SNA. Auto Owners Insurance Co grew its position in Snap-On by 35,967.2% during the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company's stock valued at $361,612,000 after purchasing an additional 1,070,025 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Snap-On by 65,113.6% during the 1st quarter. GAMMA Investing LLC now owns 703,003 shares of the company's stock valued at $236,919,000 after acquiring an additional 701,925 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Snap-On by 54.3% during the 1st quarter. Ameriprise Financial Inc. now owns 681,857 shares of the company's stock valued at $229,793,000 after acquiring an additional 239,908 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Snap-On by 22.4% during the 4th quarter. Northern Trust Corp now owns 798,254 shares of the company's stock valued at $270,991,000 after acquiring an additional 145,861 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Snap-On during the first quarter worth $45,711,000. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Buying and Selling at Snap-On

In other news, CFO Aldo John Pagliari sold 125 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $325.21, for a total transaction of $40,651.25. Following the transaction, the chief financial officer owned 111,721 shares in the company, valued at approximately $36,332,786.41. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,042 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the completion of the sale, the chief executive officer owned 815,219 shares of the company's stock, valued at approximately $261,587,472.72. The trade was a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,988 shares of company stock valued at $9,331,916 in the last ninety days. Company insiders own 3.90% of the company's stock.

Snap-On Stock Performance

SNA traded down $2.01 during trading on Monday, hitting $325.14. The stock had a trading volume of 172,805 shares, compared to its average volume of 227,704. The company has a current ratio of 4.48, a quick ratio of 3.42 and a debt-to-equity ratio of 0.21. Snap-On Incorporated has a 12 month low of $268.90 and a 12 month high of $373.89. The company has a 50 day simple moving average of $322.31 and a 200-day simple moving average of $323.61. The firm has a market cap of $16.96 billion, a PE ratio of 17.34, a P/E/G ratio of 2.26 and a beta of 0.77.

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

Snap-On Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be given a dividend of $2.14 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $8.56 dividend on an annualized basis and a yield of 2.6%. Snap-On's payout ratio is 45.65%.

Analyst Ratings Changes

SNA has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Barrington Research reissued an "outperform" rating and issued a $350.00 price target on shares of Snap-On in a research note on Tuesday, July 15th. Bank of America boosted their target price on shares of Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a research report on Friday, July 18th. Tigress Financial boosted their target price on shares of Snap-On from $390.00 to $395.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $357.00.

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.