Leeward Investments LLC MA Purchases 1,351 Shares of Snap-on Incorporated (NYSE:SNA)

Leeward Investments LLC MA boosted its holdings in Snap-on Incorporated (NYSE:SNA) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,058 shares of the company’s stock after buying an additional 1,351 shares during the period. Leeward Investments LLC MA’s holdings in Snap-on were worth $7,488,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SNA. Creative Planning increased its position in Snap-on by 4.7% in the 3rd quarter. Creative Planning now owns 9,909 shares of the company’s stock worth $2,871,000 after buying an additional 446 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Snap-on by 122.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,480 shares of the company’s stock valued at $2,746,000 after purchasing an additional 5,212 shares during the period. Foundations Investment Advisors LLC bought a new stake in Snap-on in the 3rd quarter valued at $218,000. Private Advisor Group LLC boosted its holdings in Snap-on by 1.5% in the 3rd quarter. Private Advisor Group LLC now owns 9,649 shares of the company’s stock valued at $2,795,000 after purchasing an additional 142 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Snap-on by 34,381.0% during the third quarter. International Assets Investment Management LLC now owns 130,338 shares of the company’s stock valued at $37,760,000 after acquiring an additional 129,960 shares during the period. 84.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares of the company’s stock, valued at approximately $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 the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,503 shares of company stock worth $15,906,074 in the last 90 days. 4.10% of the stock is owned by company insiders.

Snap-on Stock Performance

NYSE SNA opened at $335.87 on Monday. The stock has a market cap of $17.60 billion, a P/E ratio of 17.22, a PEG ratio of 2.21 and a beta of 0.99. The company’s 50-day simple moving average is $343.79 and its 200 day simple moving average is $323.95. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. 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 posted its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share 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 period in the previous year, the company earned $4.75 EPS. As a group, research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

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 given a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.55%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Wall Street Analysts Forecast Growth

Separately, 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 equities research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $345.40.

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.