Commonwealth Equity Services LLC Has $16.85 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Commonwealth Equity Services LLC decreased its stake in Snap-on Incorporated (NYSE:SNA) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,639 shares of the company’s stock after selling 3,899 shares during the period. Commonwealth Equity Services LLC’s holdings in Snap-on were worth $16,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SNA. Connor Clark & Lunn Investment Management Ltd. bought a new position in Snap-on during the fourth quarter valued at about $1,068,000. EverSource Wealth Advisors LLC grew its holdings in shares of Snap-on by 53.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 229 shares of the company’s stock worth $78,000 after purchasing an additional 80 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Snap-on by 8.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 835 shares of the company’s stock valued at $284,000 after purchasing an additional 66 shares during the period. HighTower Advisors LLC raised its stake in shares of Snap-on by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 49,226 shares of the company’s stock valued at $16,711,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in Snap-on by 1.0% in the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company’s stock worth $1,148,000 after purchasing an additional 34 shares during the period. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Down 0.8 %

SNA opened at $329.04 on Tuesday. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The firm’s 50-day simple moving average is $341.41 and its 200-day simple moving average is $330.42. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 last year, the business earned $4.75 earnings per share. Equities research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 2.60%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio is currently 43.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SNA shares. Tigress Financial increased their price objective on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Barrington Research restated an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $346.40.

Insider Transactions at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction 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 owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares of the company’s stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,220 shares of company stock worth $6,906,802. Insiders own 4.10% of the company’s stock.

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.