Atria Wealth Solutions Inc. Purchases 1,931 Shares of Snap-on Incorporated (NYSE:SNA)

Atria Wealth Solutions Inc. boosted its position in shares of Snap-on Incorporated (NYSE:SNA) by 78.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,383 shares of the company’s stock after purchasing an additional 1,931 shares during the period. Atria Wealth Solutions Inc.’s holdings in Snap-on were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in Snap-on by 343.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,304 shares of the company’s stock valued at $443,000 after acquiring an additional 1,010 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Snap-on by 1.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,429 shares of the company’s stock valued at $3,201,000 after purchasing an additional 129 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Snap-on by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 46,184 shares of the company’s stock worth $16,562,000 after purchasing an additional 401 shares during the last quarter. Principal Financial Group Inc. increased its stake in Snap-on by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 299,674 shares of the company’s stock worth $101,737,000 after buying an additional 19,081 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in Snap-on by 5.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,372 shares of the company’s stock valued at $805,000 after buying an additional 130 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. One 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. According to data from MarketBeat, Snap-on presently has a consensus rating of “Hold” and a consensus price target of $345.40.

Insider Buying and Selling at Snap-on

In related news, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares of the company’s stock, valued at $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $7,729,261.89. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,503 shares of company stock valued at $15,906,074. 4.10% of the stock is currently owned by corporate insiders.

Snap-on Stock Performance

SNA stock opened at $335.87 on Monday. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. The business has a 50-day moving average price of $343.79 and a 200 day moving average price of $323.95. The company has a market capitalization of $17.60 billion, a P/E ratio of 17.22, a PEG 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.

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

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be given a dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.55%. 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.