Wingate Wealth Advisors Inc. Takes $86,000 Position in Snap-on Incorporated (NYSE:SNA)

Wingate Wealth Advisors Inc. acquired a new stake in Snap-on Incorporated (NYSE:SNA) in the fourth quarter, Holdings Channel.com reports. The firm acquired 254 shares of the company’s stock, valued at approximately $86,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Snap-on during the fourth quarter valued at approximately $28,000. Reston Wealth Management LLC bought a new stake in Snap-on during the third quarter valued at approximately $30,000. Brooklyn Investment Group bought a new stake in Snap-on during the third quarter valued at approximately $39,000. Finally, nVerses Capital LLC bought a new stake in Snap-on during the third quarter valued at approximately $58,000. 84.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Roth Mkm lifted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Tigress Financial lifted their price target on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Bank of America lifted their target price on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research note on Friday, October 18th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Snap-on currently has a consensus rating of “Hold” and a consensus price target of $345.40.

Insider Activity

In other news, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares in the company, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. This trade represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,192 shares of company stock worth $11,400,978. Corporate insiders own 4.10% of the company’s stock.

Snap-on Stock Up 0.6 %

Shares of Snap-on stock opened at $340.38 on Tuesday. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $347.29 and its two-hundred day simple moving average is $320.10. The company has a market cap of $17.87 billion, a P/E ratio of 17.46, a PEG ratio of 2.13 and a beta of 0.99. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the company posted $4.75 EPS. Research analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current year.

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.