Advyzon Investment Management LLC Makes New Investment in Snap-on Incorporated (NYSE:SNA)

Advyzon Investment Management LLC acquired a new stake in Snap-on Incorporated (NYSE:SNA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 800 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after buying an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Snap-on in the 4th quarter valued at about $28,000. Reston Wealth Management LLC acquired a new stake in shares of Snap-on during the 3rd quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in Snap-on during the third quarter worth approximately $39,000. Finally, Private Trust Co. NA boosted its holdings in Snap-on by 38.2% in the third quarter. Private Trust Co. NA now owns 217 shares of the company’s stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. 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 Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,643 shares of company stock valued at $13,580,191. 4.10% of the stock is owned by insiders.

Snap-on Stock Down 1.1 %

Snap-on stock opened at $338.50 on Friday. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. 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 stock has a 50 day moving average of $344.18 and a two-hundred day moving average of $322.76. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.23 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $4.75 EPS. As a group, research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently disclosed 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. This represents a $8.56 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, February 24th. Snap-on’s dividend payout ratio is presently 43.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on SNA shares. Barrington Research reissued an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a 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 company a “buy” rating in a research note on Friday, October 25th. 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 stock. Based on data from MarketBeat, Snap-on presently has a consensus rating of “Hold” and an average target price of $345.40.

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.