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Bridgefront Capital LLC Invests $1.12 Million in Snap-on Incorporated (NYSE:SNA)

Snap-on logo with Consumer Discretionary background

Bridgefront Capital LLC bought a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,873 shares of the company's stock, valued at approximately $1,119,000. Snap-on makes up approximately 0.8% of Bridgefront Capital LLC's holdings, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNA. Checchi Capital Advisers LLC grew its position in Snap-on by 2.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,830 shares of the company's stock valued at $529,000 after acquiring an additional 36 shares during the last quarter. Venturi Wealth Management LLC increased its position in Snap-on by 17.2% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company's stock worth $79,000 after purchasing an additional 40 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in Snap-on by 0.5% in the 4th 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 last quarter. Contravisory Investment Management Inc. boosted 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 buying an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Snap-on by 5.3% during the fourth quarter. Ballentine Partners LLC now owns 948 shares of the company's stock worth $274,000 after buying an additional 48 shares during the last quarter. Institutional investors own 84.88% of the company's stock.


Insiders Place Their Bets

In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the sale, the chief executive officer now owns 742,383 shares in the company, valued at $213,420,264.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of Snap-on stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares in the company, valued at $213,420,264.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Thomas Miller sold 704 shares of the company's stock in a transaction dated Thursday, March 28th. The stock was 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 owns 3,213 shares in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,850 shares of company stock worth $17,323,118. Corporate insiders own 4.10% of the company's stock.

Snap-on Trading Down 2.5 %

Shares of NYSE SNA traded down $6.59 during trading on Friday, reaching $262.24. The company had a trading volume of 218,124 shares, compared to its average volume of 288,895. The stock has a market cap of $13.83 billion, a P/E ratio of 13.76, a PEG ratio of 1.85 and a beta of 0.99. The company's fifty day moving average price is $274.38 and its 200-day moving average price is $280.79. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a 12 month low of $249.84 and a 12 month high of $298.49.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $4.60 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Snap-on Incorporated will post 19.01 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, May 17th. Snap-on's dividend payout ratio (DPR) is currently 39.03%.

Analyst Upgrades and Downgrades

SNA has been the topic of several recent research reports. Tigress Financial reissued a "buy" rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Roth Mkm restated a "buy" rating and set a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Robert W. Baird dropped their price objective on shares of Snap-on from $295.00 to $282.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Finally, Barrington Research reiterated an "outperform" rating and set a $325.00 target price on shares of Snap-on in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $316.75.

View Our Latest Stock Report on SNA

Snap-on Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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