Glenview Trust co Sells 176 Shares of Snap-on Incorporated (NYSE:SNA)

Glenview Trust co lowered its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,802 shares of the company’s stock after selling 176 shares during the period. Glenview Trust co’s holdings in Snap-on were worth $612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. bought a new position in Snap-on during the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Snap-on during the fourth quarter worth about $28,000. Brooklyn Investment Group bought a new stake in shares of Snap-on during the third quarter worth approximately $39,000. Finally, Asset Planning Inc bought a new stake in shares of Snap-on during the fourth quarter worth approximately $68,000. Institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the business’s 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 sale, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares in the company, valued at approximately $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,220 shares of company stock worth $6,906,802. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Tigress Financial lifted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Barrington Research restated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. One investment 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. Based on data from MarketBeat, Snap-on currently has an average rating of “Hold” and a consensus price target of $346.40.

Snap-on Stock Down 0.8 %

Shares of SNA opened at $329.04 on Tuesday. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The company has a market cap of $17.25 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.21 and a beta of 0.99. 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 firm has a 50 day simple moving average of $341.41 and a two-hundred day simple moving average of $330.42.

Snap-on (NYSE:SNA) last announced its quarterly 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 net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the firm earned $4.75 earnings per share. Research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.60%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

About Snap-on

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.