Free Trial

Snap-on Incorporated (NYSE:SNA) Shares Bought by Goldman Sachs Group Inc.

Snap-on logo with Consumer Discretionary background

Goldman Sachs Group Inc. raised its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,436 shares of the company's stock after buying an additional 28,566 shares during the quarter. Goldman Sachs Group Inc. owned about 0.51% of Snap-on worth $78,401,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $33,000. Exchange Traded Concepts LLC bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $43,000. Fortitude Family Office LLC bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Snap-on during the fourth quarter valued at approximately $53,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company's stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company's stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 5,978 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the transaction, the chief financial officer now directly owns 97,699 shares in the company, valued at approximately $27,048,945.14. The disclosure for this sale can be found here. Insiders have sold 62,850 shares of company stock valued at $17,323,118 over the last 90 days. 4.10% of the stock is owned by company insiders.


Snap-on Price Performance

Shares of SNA stock traded up $5.99 during trading hours on Monday, hitting $268.23. 320,715 shares of the company's stock were exchanged, compared to its average volume of 289,184. The stock's 50-day moving average is $274.38 and its 200-day moving average is $280.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. Snap-on Incorporated has a 52 week low of $249.84 and a 52 week high of $298.49.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results 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 return on equity of 20.46% and a net margin of 21.69%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the business earned $4.60 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, May 17th. Snap-on's dividend payout ratio (DPR) is presently 39.03%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNA shares. Barrington Research reiterated an "outperform" rating and issued a $325.00 price target on shares of Snap-on in a research report on Wednesday, May 22nd. Robert W. Baird lowered their price target on Snap-on from $295.00 to $282.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Finally, Roth Mkm reiterated a "buy" rating and issued a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $316.75.

Read Our Latest Analysis 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.

See Also

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

Should you invest $1,000 in Snap-on right now?

Before you consider Snap-on, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap-on wasn't on the list.

While Snap-on currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines