UNIVEST FINANCIAL Corp Purchases 49 Shares of Snap-on Incorporated (NYSE:SNA)

UNIVEST FINANCIAL Corp increased its position in Snap-on Incorporated (NYSE:SNA) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,834 shares of the company’s stock after purchasing an additional 49 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Snap-on were worth $1,302,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Pathstone Holdings LLC lifted its holdings in Snap-on by 5.5% during the 3rd quarter. Pathstone Holdings LLC now owns 5,606 shares of the company’s stock valued at $1,624,000 after purchasing an additional 291 shares during the last quarter. Cerity Partners LLC raised its position in shares of Snap-on by 103.5% in the third quarter. Cerity Partners LLC now owns 8,156 shares of the company’s stock valued at $2,363,000 after purchasing an additional 4,149 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Snap-on by 8.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,774 shares of the company’s stock worth $513,000 after buying an additional 142 shares during the last quarter. Swedbank AB boosted its holdings in shares of Snap-on by 2.7% during the 3rd quarter. Swedbank AB now owns 51,143 shares of the company’s stock worth $14,817,000 after buying an additional 1,351 shares during the period. Finally, Larson Financial Group LLC grew its stake in Snap-on by 85.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,383 shares of the company’s stock valued at $401,000 after buying an additional 639 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snap-on

In related 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 completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares in the company, valued at approximately $36,310,898.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

Shares of NYSE:SNA opened at $337.39 on Thursday. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The company’s 50 day moving average price is $340.71 and its two-hundred day moving average price is $332.73. The firm has a market cap of $17.69 billion, a PE ratio of 17.30, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the firm posted $4.75 EPS. Equities research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a dividend of $2.14 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.54%. Snap-on’s dividend payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

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

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.