Sagespring Wealth Partners LLC Invests $367,000 in Snap-on Incorporated (NYSE:SNA)

Sagespring Wealth Partners LLC purchased a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,081 shares of the company's stock, valued at approximately $367,000.

Other large investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in shares of Snap-on by 5.6% during the 4th quarter. Townsquare Capital LLC now owns 27,533 shares of the company's stock worth $9,347,000 after purchasing an additional 1,448 shares during the period. Sterling Capital Management LLC boosted its position in Snap-on by 54.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,154 shares of the company's stock valued at $1,071,000 after buying an additional 1,108 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Snap-on in the 4th quarter valued at $234,000. Treasurer of the State of North Carolina grew its holdings in Snap-on by 2.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 64,269 shares of the company's stock worth $21,818,000 after acquiring an additional 1,598 shares during the last quarter. Finally, F M Investments LLC increased its holdings in shares of Snap-on by 19.6% in the fourth quarter. F M Investments LLC now owns 6,847 shares of the company's stock valued at $2,324,000 after purchasing an additional 1,122 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Snap-on

In other news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now owns 107,096 shares of the company's stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,011 shares of company stock valued at $12,116,859 in the last quarter. 3.90% of the stock is currently owned by insiders.

Snap-on Stock Down 1.8 %

NYSE SNA traded down $5.64 during trading hours on Monday, hitting $299.80. 137,601 shares of the company traded hands, compared to its average volume of 354,390. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90. The business's 50-day moving average is $331.66 and its 200-day moving average is $338.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $4.91 earnings per share. Sell-side analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is presently 43.90%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. Tigress Financial lifted their price objective on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Robert W. Baird lowered their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research note on Monday. Barrington Research reiterated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Thursday. Finally, StockNews.com downgraded Snap-on from a "buy" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $350.83.

About Snap-on

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.