Marshall Financial Group LLC Acquires Shares of 2,175 Snap-On Incorporated $SNA

Marshall Financial Group LLC bought a new position in shares of Snap-On Incorporated (NYSE:SNA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,175 shares of the company’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNA. GoalVest Advisory LLC bought a new position in shares of Snap-On in the 4th quarter worth $28,000. Vermillion & White Wealth Management Group LLC increased its holdings in Snap-On by 97.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Snap-On by 1,880.0% in the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. Quent Capital LLC acquired a new position in Snap-On in the third quarter valued at about $36,000. Finally, CoreFirst Bank & Trust bought a new position in Snap-On during the second quarter worth about $37,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-On

In related news, CFO Aldo John Pagliari sold 7,043 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the sale, the chief financial officer owned 117,183 shares in the company, valued at approximately $44,769,765.15. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP June C. Lemerand sold 1,378 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $387.57, for a total value of $534,071.46. Following the transaction, the vice president directly owned 2,913 shares of the company’s stock, valued at $1,128,991.41. This trade represents a 32.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,650 shares of company stock valued at $15,210,959. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SNA shares. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Robert W. Baird set a $375.00 price objective on shares of Snap-On in a research note on Friday, February 6th. Wall Street Zen cut shares of Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Roth Mkm reaffirmed a “buy” rating and issued a $409.00 target price (up from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th. Finally, Tigress Financial lifted their price target on shares of Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $377.33.

Snap-On Price Performance

Shares of SNA opened at $362.53 on Tuesday. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a twelve month low of $289.81 and a twelve month high of $390.13. The stock has a market capitalization of $18.87 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.46 and a beta of 0.78. The company has a 50 day moving average of $373.51 and a 200-day moving average of $353.06.

Snap-On (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $4.94 EPS for the quarter, topping analysts’ consensus estimates of $4.86 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.82 earnings per share. As a group, equities research analysts forecast that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid 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 was Tuesday, February 24th. Snap-On’s dividend payout ratio is currently 50.86%.

About Snap-On

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.