Snap-on Incorporated (NYSE:SNA) Shares Sold by Glassman Wealth Services

Glassman Wealth Services decreased its position in Snap-on Incorporated (NYSE:SNA) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,044 shares of the company’s stock after selling 55 shares during the quarter. Snap-on accounts for approximately 5.8% of Glassman Wealth Services’ holdings, making the stock its 7th largest position. Glassman Wealth Services owned 0.19% of Snap-on worth $34,302,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in shares of Snap-on in the 4th quarter worth approximately $512,000. Vest Financial LLC lifted its holdings in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after purchasing an additional 2,460 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock worth $5,764,000 after purchasing an additional 67 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after purchasing an additional 1,605 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Snap-on in the 3rd quarter worth approximately $19,291,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP June C. Lemerand sold 3,500 shares of the business’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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 45,503 shares of company stock valued at $15,906,074 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Snap-on Stock Up 1.2 %

Shares of Snap-on stock opened at $341.00 on Friday. The business’s fifty day moving average price is $343.25 and its two-hundred day moving average price is $325.92. 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 $17.87 billion, a P/E ratio of 17.49, a PEG ratio of 2.21 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 announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating 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 in the prior year, the company posted $4.75 EPS. As a group, research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 2.51%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is currently 43.90%.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $350.00 price target 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 issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.