Townsquare Capital LLC Has $368,000 Stock Holdings in Snap-On Incorporated $SNA

Townsquare Capital LLC decreased its stake in Snap-On Incorporated (NYSE:SNA) by 62.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,063 shares of the company’s stock after selling 1,792 shares during the quarter. Townsquare Capital LLC’s holdings in Snap-On were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Generali Asset Management SPA SGR bought a new stake in shares of Snap-On during the 3rd quarter worth $2,068,000. Norges Bank acquired a new position in Snap-On during the 2nd quarter worth $168,010,000. First Citizens Bank & Trust Co. boosted its holdings in Snap-On by 3.6% during the third quarter. First Citizens Bank & Trust Co. now owns 40,140 shares of the company’s stock valued at $13,910,000 after acquiring an additional 1,404 shares during the period. Nordea Investment Management AB grew its position in shares of Snap-On by 3.0% in the third quarter. Nordea Investment Management AB now owns 1,258,712 shares of the company’s stock valued at $433,601,000 after purchasing an additional 36,964 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Snap-On by 1.3% in the second quarter. Vanguard Group Inc. now owns 6,495,475 shares of the company’s stock worth $2,021,262,000 after purchasing an additional 80,422 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Stock Performance

Shares of NYSE SNA opened at $366.09 on Friday. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.57 and a beta of 0.80. Snap-On Incorporated has a one year low of $289.81 and a one year high of $375.27. The business has a fifty day simple moving average of $353.39 and a 200 day simple moving average of $340.15. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20.

Snap-On Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were issued a dividend of $2.44 per share. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is 51.18%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Tigress Financial increased their price objective on Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Roth Mkm restated a “buy” rating and issued a $385.00 price objective on shares of Snap-On in a research note on Friday, October 17th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Barrington Research restated an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.83.

Insider Buying and Selling at Snap-On

In related news, VP Richard Thomas Miller sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $348.27, for a total value of $696,540.00. Following the sale, the vice president owned 4,158 shares of the company’s stock, valued at $1,448,106.66. The trade was a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $339.15, for a total transaction of $7,667,164.05. Following the completion of the transaction, the chief executive officer directly owned 826,364 shares of the company’s stock, valued at $280,261,350.60. This trade represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,036 shares of company stock valued at $13,710,988 in the last 90 days. Insiders own 3.90% of the company’s stock.

Snap-On Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.