WBI Investments LLC Purchases Shares of 7,040 Snap-on Incorporated (NYSE:SNA)

WBI Investments LLC purchased a new stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,040 shares of the company's stock, valued at approximately $2,033,000.

Other hedge funds also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in shares of Snap-on in the fourth quarter valued at about $33,000. Exchange Traded Concepts LLC bought a new stake in shares of Snap-on in the fourth quarter valued at about $43,000. Itau Unibanco Holding S.A. bought a new stake in shares of Snap-on in the third quarter valued at about $49,000. Orion Capital Management LLC bought a new stake in shares of Snap-on in the third quarter valued at about $49,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Snap-on in the fourth quarter valued at about $49,000. 84.88% of the stock is currently owned by institutional investors.

Insider Transactions at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the sale, the chief executive officer now owns 742,383 shares of the company's stock, valued at $213,420,264.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the sale, the chief executive officer now owns 742,383 shares of the company's stock, valued at $213,420,264.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction 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 approximately $957,988.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,908 shares of company stock valued at $15,744,592. Corporate insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their target price 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. Barrington Research reissued an "outperform" rating and issued a $325.00 price target on shares of Snap-on in a research report on Wednesday. Tigress Financial reissued a "buy" rating and issued a $336.00 price target on shares of Snap-on in a research report on Friday, February 16th. Finally, Roth Mkm reissued a "buy" rating and issued a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $316.75.

Snap-on Price Performance

Shares of NYSE SNA traded up $0.07 during mid-day trading on Wednesday, hitting $276.17. 167,253 shares of the stock were exchanged, compared to its average volume of 300,120. The company has a market cap of $14.56 billion, a P/E ratio of 14.49, a PEG ratio of 1.93 and a beta of 1.00. The stock's fifty day simple moving average is $282.58 and its two-hundred day simple moving average is $281.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. 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 posted its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $4.60 earnings per share. As a group, analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on's payout ratio is 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.

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