Transamerica Financial Advisors Inc. Sells 147 Shares of Snap-on Incorporated (NYSE:SNA)

Transamerica Financial Advisors Inc. decreased its position in Snap-on Incorporated (NYSE:SNA) by 46.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 168 shares of the company’s stock after selling 147 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Snap-on were worth $58,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SNA. Cerity Partners LLC increased 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 acquiring an additional 4,149 shares during the period. Private Trust Co. NA grew its stake in shares of Snap-on by 38.2% in the third quarter. Private Trust Co. NA now owns 217 shares of the company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Snap-on by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,983 shares of the company’s stock valued at $12,742,000 after purchasing an additional 273 shares during the period. FMR LLC raised its position in Snap-on by 16.3% during the 3rd quarter. FMR LLC now owns 57,543 shares of the company’s stock valued at $16,671,000 after purchasing an additional 8,073 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Snap-on by 14.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,329 shares of the company’s stock worth $675,000 after buying an additional 300 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-on Trading Down 1.9 %

NYSE SNA opened at $329.09 on Monday. The firm has a market capitalization of $17.25 billion, a PE ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 0.99. The stock’s 50 day moving average is $340.12 and its 200 day moving average is $333.92. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90. 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 (NYSE:SNA) last released its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 period in the prior year, the firm posted $4.75 EPS. Research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, February 24th. Snap-on’s dividend payout ratio is 43.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SNA shares. Tigress Financial boosted their target price on 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 reissued an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $346.40.

Insider Activity

In other news, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction dated Thursday, February 20th. The stock was 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 of the company’s stock, valued at $36,310,898.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

Snap-on Company 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.