Laurel Wealth Advisors LLC Has $256,000 Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Laurel Wealth Advisors LLC decreased its holdings in Snap-on Incorporated (NYSE:SNA) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 887 shares of the company’s stock after selling 163 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Snap-on were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Snap-on during the 4th quarter worth about $145,665,000. Nordea Investment Management AB boosted its stake in shares of Snap-on by 52.8% in the 4th quarter. Nordea Investment Management AB now owns 864,565 shares of the company’s stock valued at $249,743,000 after purchasing an additional 298,727 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Snap-on by 25.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company’s stock valued at $188,355,000 after purchasing an additional 147,997 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Snap-on by 1,416.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 147,657 shares of the company’s stock valued at $42,649,000 after purchasing an additional 137,920 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Snap-on by 229.8% in the 3rd quarter. FMR LLC now owns 154,401 shares of the company’s stock valued at $39,381,000 after purchasing an additional 107,582 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 7,522 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the sale, the chief financial officer now directly owns 95,661 shares of the company’s stock, valued at approximately $26,014,052.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Aldo John Pagliari sold 7,522 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the sale, the chief financial officer now directly owns 95,661 shares of the company’s stock, valued at approximately $26,014,052.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jesus Arregui sold 2,562 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the sale, the senior vice president now directly owns 8,663 shares in the company, valued at $2,333,379.05. The disclosure for this sale can be found here. Insiders have sold 49,930 shares of company stock valued at $14,089,523 in the last three months. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird reduced their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Roth Mkm reaffirmed 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 issued a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Snap-on has a consensus rating of “Moderate Buy” and an average price target of $316.75.

Snap-on Stock Up 0.2 %

SNA traded up $0.54 during trading on Friday, hitting $270.70. The company had a trading volume of 237,139 shares, compared to its average volume of 318,346. The company 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. Snap-on Incorporated has a one year low of $247.68 and a one year high of $298.49. The firm’s 50-day moving average price is $284.28 and its 200 day moving average price is $278.86. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23.

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

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 annualized dividend and a yield of 2.75%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

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.