Global Retirement Partners LLC Has $1.32 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Global Retirement Partners LLC raised its stake in Snap-on Incorporated (NYSE:SNA) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,899 shares of the company’s stock after buying an additional 139 shares during the quarter. Global Retirement Partners LLC’s holdings in Snap-on were worth $1,324,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SNA. Benjamin Edwards Inc. grew its position in Snap-on by 2,691.2% in the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock worth $45,810,000 after acquiring an additional 152,428 shares in the last quarter. International Assets Investment Management LLC grew its position in Snap-on by 34,381.0% in the third quarter. International Assets Investment Management LLC now owns 130,338 shares of the company’s stock worth $37,760,000 after acquiring an additional 129,960 shares in the last quarter. Nordea Investment Management AB grew its position in Snap-on by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock worth $384,813,000 after acquiring an additional 127,859 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Snap-on by 45.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 257,450 shares of the company’s stock worth $74,586,000 after acquiring an additional 80,421 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Snap-on by 9.4% in the third quarter. Pacer Advisors Inc. now owns 907,655 shares of the company’s stock worth $262,957,000 after acquiring an additional 78,184 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Insider Activity at Snap-on

In related news, VP June C. Lemerand sold 3,500 shares of the company’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 completion of the transaction, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. This represents a 60.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,503 shares of company stock worth $15,906,074 in the last ninety days. 4.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial upped their price objective on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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’s stock. According to data from MarketBeat, Snap-on presently has a consensus rating of “Hold” and an average target price of $345.40.

Snap-on Price Performance

NYSE SNA opened at $335.87 on Friday. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $343.79 and a 200 day simple moving average of $323.21. The company has a market cap of $17.60 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.23 and a beta of 0.99. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) 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 in the prior year, the company posted $4.75 earnings per share. On average, sell-side analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is currently 43.90%.

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.