Sigma Investment Counselors Inc. Grows Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Sigma Investment Counselors Inc. grew its stake in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,742 shares of the company’s stock after buying an additional 265 shares during the period. Sigma Investment Counselors Inc.’s holdings in Snap-on were worth $3,496,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its stake in shares of Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Snap-on by 2.6% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,962 shares of the company’s stock valued at $403,000 after buying an additional 49 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Snap-on by 4.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,154 shares of the company’s stock valued at $237,000 after buying an additional 51 shares during the period. Captrust Financial Advisors grew its stake in shares of Snap-on by 1.3% during the 1st quarter. Captrust Financial Advisors now owns 4,511 shares of the company’s stock valued at $927,000 after buying an additional 56 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in Snap-on by 2.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,150 shares of the company’s stock worth $442,000 after purchasing an additional 58 shares during the period. 87.31% of the stock is owned by hedge funds and other institutional investors.

Snap-on Stock Performance

Shares of NYSE:SNA traded down $6.11 during trading on Friday, reaching $204.81. 5,422 shares of the company’s stock traded hands, compared to its average volume of 290,538. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.37. Snap-on Incorporated has a 12 month low of $190.08 and a 12 month high of $235.36. The company has a 50 day moving average of $219.94 and a 200-day moving average of $213.72. The stock has a market capitalization of $10.91 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11.

Snap-on (NYSE:SNAGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $3.76 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Snap-on Incorporated will post 16.14 EPS for the current year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, August 18th. Snap-on’s dividend payout ratio is presently 35.63%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SNA. UBS Group decreased their price target on shares of Snap-on to $175.00 in a research report on Friday, July 22nd. MKM Partners initiated coverage on shares of Snap-on in a report on Thursday, June 9th. They issued a “neutral” rating and a $238.00 price objective on the stock.

Insider Activity at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 488 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $223.31, for a total value of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares in the company, valued at approximately $537,953.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Snap-on news, CFO Aldo John Pagliari sold 6,607 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $220.04, for a total value of $1,453,804.28. Following the completion of the transaction, the chief financial officer now owns 73,114 shares in the company, valued at approximately $16,088,004.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jesus Arregui sold 488 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $223.31, for a total transaction of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares of the company’s stock, valued at $537,953.79. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Snap-on Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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