Alliance Wealth Advisors LLC UT Acquires 47 Shares of Snap-on Incorporated (NYSE:SNA)

Alliance Wealth Advisors LLC UT boosted its holdings in Snap-on Incorporated (NYSE:SNA) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,664 shares of the company’s stock after buying an additional 47 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Snap-on were worth $2,503,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SNA. BKM Wealth Management LLC bought a new position in Snap-on in the 4th quarter worth approximately $33,000. Peoples Bank KS bought a new position in Snap-on in the 3rd quarter worth approximately $40,000. Exchange Traded Concepts LLC bought a new position in Snap-on in the 4th quarter worth approximately $43,000. Itau Unibanco Holding S.A. bought a new position in Snap-on in the 3rd quarter worth approximately $49,000. Finally, Orion Capital Management LLC bought a new stake in shares of Snap-on during the third quarter valued at approximately $49,000. 84.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

SNA has been the topic of a number of research reports. Roth Mkm restated a “buy” rating and set a $324.00 price objective on shares of Snap-on in a research report on Thursday, April 18th. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a research report on Friday, February 16th. Robert W. Baird lowered their price objective on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Barrington Research reiterated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snap-on currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

Snap-on Price Performance

NYSE:SNA traded up $0.54 during trading hours on Friday, reaching $270.70. The company had a trading volume of 237,139 shares, compared to its average volume of 318,346. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.27 billion, a PE ratio of 14.20, a PEG ratio of 1.87 and a beta of 0.99. The stock has a 50-day moving average of $284.28 and a two-hundred day moving average of $278.74. Snap-on Incorporated has a one year low of $247.68 and a one year high of $298.49.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.60 earnings per share. Analysts forecast that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s dividend payout ratio is currently 39.03%.

Insiders Place Their Bets

In other news, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the transaction, the chief executive officer now directly owns 742,383 shares in the company, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,930 shares of company stock valued at $14,089,523. 4.10% of the stock is currently owned by corporate insiders.

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.