MCF Advisors LLC Purchases 96 Shares of Snap-on Incorporated (NYSE:SNA)

MCF Advisors LLC increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 843 shares of the company’s stock after acquiring an additional 96 shares during the period. MCF Advisors LLC’s holdings in Snap-on were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SNA. Scarborough Advisors LLC bought a new position in Snap-on in the 4th quarter valued at approximately $30,000. BKM Wealth Management LLC bought a new position in Snap-on during the fourth quarter worth $33,000. Exchange Traded Concepts LLC acquired a new stake in Snap-on in the 4th quarter valued at $43,000. Itau Unibanco Holding S.A. bought a new stake in shares of Snap-on in the 3rd quarter worth $49,000. Finally, Orion Capital Management LLC bought a new position in shares of Snap-on in the third quarter valued at approximately $49,000. 84.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Snap-on

In other news, CFO Aldo John Pagliari sold 5,978 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the transaction, the chief financial officer now owns 97,699 shares of the company’s stock, valued at $27,048,945.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Snap-on news, SVP Jesus Arregui sold 8,434 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $265.17, for a total value of $2,236,443.78. Following the completion of the transaction, the senior vice president now owns 252 shares of the company’s stock, valued at approximately $66,822.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aldo John Pagliari sold 5,978 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the sale, the chief financial officer now owns 97,699 shares in the company, valued at approximately $27,048,945.14. The disclosure for this sale can be found here. Insiders sold a total of 38,632 shares of company stock valued at $10,353,409 in the last three months. Company insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Snap-on stock opened at $261.39 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. Snap-on Incorporated has a one year low of $249.84 and a one year high of $298.49. The firm has a market capitalization of $13.78 billion, a P/E ratio of 13.71, a PEG ratio of 1.81 and a beta of 0.99. The business has a fifty day moving average price of $270.62 and a 200-day moving average price of $279.94.

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

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, May 17th. Snap-on’s dividend payout ratio is presently 39.03%.

Analyst Ratings Changes

SNA has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Snap-on has a consensus rating of “Moderate Buy” and an average price target of $316.75.

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.