Waterway Wealth Management LLC Has $279,000 Stake in Snap-on Incorporated (NYSE:SNA)

Waterway Wealth Management LLC boosted its position in shares of Snap-on Incorporated (NYSE:SNA) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 822 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Waterway Wealth Management LLC’s holdings in Snap-on were worth $279,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SNA. UMB Bank n.a. raised its holdings in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Snap-on in the fourth quarter valued at approximately $28,000. Reston Wealth Management LLC bought a new position in shares of Snap-on during the third quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in Snap-on during the 3rd quarter worth approximately $39,000. Finally, Asset Planning Inc bought a new stake in Snap-on in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 trade represents a 60.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares of the company’s stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,503 shares of company stock worth $15,906,074. 4.10% of the stock is currently owned by corporate insiders.

Snap-on Trading Down 0.9 %

Shares of NYSE:SNA opened at $336.17 on Friday. The business’s 50 day simple moving average is $343.30 and its 200 day simple moving average is $325.04. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company has a market capitalization of $17.61 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its earnings results 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 return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the company posted $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Snap-on presently has an average 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.