Park Avenue Securities LLC Has $7.31 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

Park Avenue Securities LLC boosted its position in shares of Snap-on Incorporated (NYSE:SNA) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,973 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Park Avenue Securities LLC owned about 0.05% of Snap-on worth $7,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new stake in shares of Snap-on during the fourth quarter worth approximately $30,000. Versant Capital Management Inc lifted its stake in shares of Snap-on by 529.0% in the 2nd quarter. Versant Capital Management Inc now owns 195 shares of the company’s stock valued at $51,000 after purchasing an additional 164 shares during the period. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Snap-on in the 4th quarter worth $55,000. Fidelis Capital Partners LLC acquired a new position in shares of Snap-on during the 1st quarter worth about $56,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Snap-on in the 1st quarter valued at about $61,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-on Stock Down 1.2 %

Shares of SNA stock traded down $3.34 during trading hours on Wednesday, hitting $269.04. 222,658 shares of the company were exchanged, compared to its average volume of 301,532. Snap-on Incorporated has a 52 week low of $249.84 and a 52 week high of $298.49. The company has a current ratio of 4.06, a quick ratio of 3.05 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $268.43 and a two-hundred day moving average of $276.88. The company has a market capitalization of $14.18 billion, a PE ratio of 14.29, a PEG ratio of 1.92 and a beta of 0.98.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, July 18th. The company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.13. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a return on equity of 19.90% and a net margin of 21.90%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.89 EPS. Analysts anticipate that Snap-on Incorporated will post 18.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNA has been the subject of a number of analyst reports. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a report on Thursday, July 25th. Barrington Research reissued an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a report on Tuesday, July 16th. Robert W. Baird lowered their price objective on shares of Snap-on from $282.00 to $275.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, Roth Mkm reissued a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.00.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the completion of the transaction, the chief financial officer now owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the sale, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the transaction, the chief executive officer now owns 750,663 shares of the company’s stock, valued at $200,276,888.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,632 shares of company stock valued at $10,353,409. 4.10% of the stock is owned by insiders.

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.