Cerity Partners LLC Buys 5,825 Shares of Snap-on Incorporated (NYSE:SNA)

Cerity Partners LLC increased its stake in Snap-on Incorporated (NYSE:SNA) by 275.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,938 shares of the company’s stock after buying an additional 5,825 shares during the period. Cerity Partners LLC’s holdings in Snap-on were worth $2,292,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in shares of Snap-on by 22.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock valued at $2,985,000 after purchasing an additional 2,657 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Snap-on by 6.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock valued at $1,469,000 after buying an additional 407 shares during the period. Sei Investments Co. boosted its holdings in shares of Snap-on by 11.3% during the 1st quarter. Sei Investments Co. now owns 125,365 shares of the company’s stock valued at $25,727,000 after buying an additional 12,720 shares in the last quarter. Aviva PLC grew its position in shares of Snap-on by 12.3% in the 1st quarter. Aviva PLC now owns 33,102 shares of the company’s stock worth $6,802,000 after buying an additional 3,636 shares during the period. Finally, Prudential PLC bought a new position in shares of Snap-on in the 1st quarter worth about $302,000. 84.88% of the stock is owned by institutional investors.

Insider Transactions at Snap-on

In related 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 completion of the sale, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 3,213 shares in the company, valued at $957,988.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the sale, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The disclosure for this sale can be found here. Insiders have sold a total of 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 Price Performance

NYSE SNA opened at $261.76 on Friday. Snap-on Incorporated has a one year low of $239.08 and a one year high of $298.49. The stock has a 50-day moving average of $283.65 and a 200 day moving average of $278.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.81 and a current ratio of 3.88. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.03 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.20 billion during 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 revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.42 earnings per share. On average, sell-side analysts forecast that Snap-on Incorporated will post 19.22 EPS for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 annualized dividend and a dividend yield of 2.84%. Snap-on’s payout ratio is 39.68%.

Analysts Set New Price Targets

SNA has been the topic of a number of recent research reports. Tigress Financial restated a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a research report on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $324.00 target price on shares of Snap-on in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $306.00.

Snap-on Company 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.