Snap-on Incorporated (NYSE:SNA) is Albert D Mason Inc.’s 3rd Largest Position

Albert D Mason Inc. lifted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,306 shares of the company’s stock after acquiring an additional 43 shares during the period. Snap-on makes up approximately 2.1% of Albert D Mason Inc.’s investment portfolio, making the stock its 3rd largest holding. Albert D Mason Inc.’s holdings in Snap-on were worth $3,159,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new position in Snap-on in the 3rd quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Snap-on by 53.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 44 shares during the period. Brooklyn Investment Group purchased a new position in shares of Snap-on in the third quarter worth about $39,000. Quarry LP lifted its holdings in shares of Snap-on by 244.7% during the second quarter. Quarry LP now owns 162 shares of the company’s stock worth $42,000 after purchasing an additional 115 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Snap-on in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other Snap-on news, SVP Thomas J. Ward sold 12,737 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $333.21, for a total transaction of $4,244,095.77. Following the transaction, the senior vice president now directly owns 55,401 shares of the company’s stock, valued at $18,460,167.21. This trade represents a 18.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated Monday, December 9th. The shares were 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 owns 769,738 shares in the company, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,929 shares of company stock worth $15,645,074 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Snap-on Trading Up 0.7 %

Shares of Snap-on stock opened at $348.17 on Friday. The firm has a 50-day simple moving average of $351.33 and a two-hundred day simple moving average of $310.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The company has a market cap of $18.28 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, October 17th. The company reported $4.70 earnings per share for the quarter, topping analysts’ consensus estimates of $4.58 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. As a group, equities analysts predict that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.46%. This is an increase from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. Snap-on’s dividend payout ratio is presently 44.06%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNA shares. Roth Mkm raised their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barrington Research boosted their target price on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Robert W. Baird increased their price target on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Bank of America boosted their price objective on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a report on Friday, October 18th. Finally, Tigress Financial raised their target price on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.