EP Wealth Advisors LLC Takes Position in Snap-on Incorporated (NYSE:SNA)

EP Wealth Advisors LLC bought a new stake in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 790 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in shares of Snap-on by 2.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,830 shares of the company’s stock valued at $529,000 after purchasing an additional 36 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Snap-on by 17.2% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock worth $79,000 after buying an additional 40 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in Snap-on by 0.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 8,664 shares of the company’s stock worth $2,503,000 after buying an additional 47 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Snap-on by 2.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company’s stock worth $570,000 after buying an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Snap-on by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 948 shares of the company’s stock worth $274,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other news, CFO Aldo John Pagliari sold 5,978 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the sale, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Aldo John Pagliari sold 5,978 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the completion of the sale, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total value of $6,461,896.00. Following the sale, the chief executive officer now directly owns 750,663 shares of the company’s stock, valued at $200,276,888.40. The disclosure for this sale can be found here. Insiders sold a total of 39,336 shares of company stock valued at $10,563,314 in the last ninety days. 4.10% of the stock is owned by insiders.

Snap-on Stock Performance

Shares of NYSE:SNA opened at $268.54 on Friday. The stock has a market capitalization of $14.16 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.86 and a beta of 0.99. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $272.47 and a two-hundred day moving average price of $280.64.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.60 EPS. Equities analysts predict that Snap-on Incorporated will post 19.01 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were paid a $1.86 dividend. The ex-dividend date was Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.77%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Barrington Research reiterated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research report on Wednesday, May 22nd. Finally, Roth Mkm reiterated a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $316.75.

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.