Snap-on Incorporated (NYSE:SNA) Shares Purchased by LSV Asset Management

LSV Asset Management increased its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 670,806 shares of the company's stock after buying an additional 4,010 shares during the quarter. LSV Asset Management owned about 1.27% of Snap-on worth $193,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Avantax Planning Partners Inc. raised its position in Snap-on by 3.5% in the third quarter. Avantax Planning Partners Inc. now owns 1,131 shares of the company's stock valued at $288,000 after purchasing an additional 38 shares during the period. Phoenix Wealth Advisors raised its position in Snap-on by 3.1% in the third quarter. Phoenix Wealth Advisors now owns 1,309 shares of the company's stock valued at $334,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC raised its position in Snap-on by 17.2% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the company's stock valued at $79,000 after purchasing an additional 40 shares during the period. Alliance Wealth Advisors LLC UT raised its position in Snap-on by 0.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 8,664 shares of the company's stock valued at $2,503,000 after purchasing an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. raised its position in Snap-on by 2.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company's stock valued at $570,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 2,562 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $269.35, for a total value of $690,074.70. Following the completion of the sale, the senior vice president now directly owns 8,663 shares of the company's stock, valued at $2,333,379.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Richard Thomas Miller sold 704 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the sale, the vice president now directly owns 3,213 shares of the company's stock, valued at $957,988.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jesus Arregui sold 2,562 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the sale, the senior vice president now directly owns 8,663 shares of the company's stock, valued at $2,333,379.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,930 shares of company stock worth $14,089,523. Corporate insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Mkm restated a "buy" rating and issued a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Tigress Financial restated a "buy" rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Robert W. Baird dropped their price target on shares of Snap-on from $295.00 to $282.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Finally, Barrington Research restated an "outperform" rating and issued a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Snap-on has a consensus rating of "Moderate Buy" and an average target price of $316.75.

Snap-on Stock Up 1.6 %

Shares of SNA stock traded up $4.16 on Friday, reaching $271.03. 262,537 shares of the stock were exchanged, compared to its average volume of 341,144. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The business's 50 day moving average price is $284.25 and its 200 day moving average price is $279.49. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.87 and a beta of 1.00. Snap-on Incorporated has a twelve month low of $247.68 and a twelve month high of $298.49.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 earnings per share. As a group, sell-side analysts expect that Snap-on Incorporated will post 19.02 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a dividend of $1.86 per share. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on's payout ratio is currently 39.03%.

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.