Snap-on Incorporated (NYSE:SNA) Stake Cut by Heartland Bank & Trust Co

Heartland Bank & Trust Co trimmed its position in shares of Snap-on Incorporated (NYSE:SNAFree Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,891 shares of the company’s stock after selling 120 shares during the quarter. Heartland Bank & Trust Co’s holdings in Snap-on were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Clear Street Markets LLC lifted its stake in Snap-on by 96.3% in the first quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after acquiring an additional 52 shares during the last quarter. Parkside Financial Bank & Trust increased 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 worth $27,000 after purchasing an additional 47 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Snap-on during the 4th quarter worth $33,000. Peoples Bank KS acquired a new position in shares of Snap-on during the 3rd quarter worth $40,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Snap-on during the 4th quarter worth $43,000. Institutional investors own 84.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Thursday, February 8th. Tigress Financial restated a “buy” rating and set a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $306.00.

Read Our Latest Research Report on Snap-on

Insiders Place Their Bets

In other news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The disclosure for this sale can be found here. Insiders have sold 47,368 shares of company stock worth $13,399,449 in the last ninety days. Insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

NYSE SNA traded up $1.45 during midday trading on Wednesday, hitting $293.54. The company had a trading volume of 59,949 shares, compared to its average volume of 303,073. The company has a quick ratio of 2.81, a current ratio of 3.88 and a debt-to-equity ratio of 0.23. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.11 and a beta of 0.99. The firm has a fifty day simple moving average of $283.97 and a two-hundred day simple moving average of $275.81. Snap-on Incorporated has a fifty-two week low of $226.68 and a fifty-two week high of $298.49.

Snap-on (NYSE:SNAGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.38% and a return on equity of 20.89%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $4.42 EPS. Equities analysts forecast that Snap-on Incorporated will post 19.21 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were given a $1.86 dividend. The ex-dividend date was Friday, February 23rd. This represents a $7.44 annualized dividend and a yield of 2.53%. Snap-on’s dividend payout ratio is 39.68%.

About Snap-on

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNAFree Report).

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

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.