Wealth Enhancement Advisory Services LLC Purchases 2,790 Shares of Snap-On Incorporated (NYSE:SNA)

Wealth Enhancement Advisory Services LLC increased its position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,322 shares of the company's stock after acquiring an additional 2,790 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Snap-On worth $15,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNA. SBI Securities Co. Ltd. bought a new stake in Snap-On during the 4th quarter worth $26,000. CoreFirst Bank & Trust bought a new stake in Snap-On during the 4th quarter worth $40,000. TCTC Holdings LLC grew its position in Snap-On by 41.3% during the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company's stock worth $50,000 after acquiring an additional 43 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in Snap-On during the 4th quarter worth $61,000. Finally, Orion Capital Management LLC bought a new stake in Snap-On during the 4th quarter worth $65,000. Institutional investors own 84.88% of the company's stock.

Insider Activity

In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen L. Daniel sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the transaction, the director now directly owns 8,030 shares in the company, valued at approximately $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,515 shares of company stock valued at $17,094,296 in the last ninety days. 3.90% of the stock is owned by company insiders.

Snap-On Stock Down 0.4%

Shares of NYSE:SNA opened at $305.61 on Monday. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.18 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.14 and a quick ratio of 3.18. The business's 50-day moving average is $317.36 and its 200-day moving average is $331.80. Snap-On Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90.

Snap-On (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-On had a net margin of 21.42% and a return on equity of 18.60%. During the same period in the prior year, the firm earned $4.91 earnings per share. Equities research analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Tuesday, May 20th. Snap-On's dividend payout ratio is 44.82%.

Analysts Set New Price Targets

SNA has been the topic of a number of research reports. Robert W. Baird reduced their price objective on Snap-On from $349.00 to $320.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Barrington Research reiterated an "outperform" rating and issued a $350.00 price target on shares of Snap-On in a research report on Monday, May 19th. Longbow Research upgraded Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Finally, Tigress Financial upped their price target on Snap-On from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One equities 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 presently has a consensus rating of "Moderate Buy" and an average price target of $350.83.

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.

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