Xponance Inc. Sells 522 Shares of Snap-on Incorporated (NYSE:SNA)

Xponance Inc. lessened its position in shares of Snap-on Incorporated (NYSE:SNA) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,215 shares of the company’s stock after selling 522 shares during the quarter. Xponance Inc.’s holdings in Snap-on were worth $2,084,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. AIA Group Ltd bought a new position in shares of Snap-on during the 4th quarter worth approximately $654,000. CapWealth Advisors LLC raised its stake in shares of Snap-on by 2.8% during the 4th quarter. CapWealth Advisors LLC now owns 44,513 shares of the company’s stock worth $12,857,000 after acquiring an additional 1,201 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Snap-on by 5.1% during the 4th quarter. Federated Hermes Inc. now owns 17,512 shares of the company’s stock worth $5,058,000 after acquiring an additional 849 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Snap-on by 5.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,737 shares of the company’s stock worth $1,368,000 after acquiring an additional 265 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its stake in shares of Snap-on by 18.9% during the 4th quarter. Flputnam Investment Management Co. now owns 11,064 shares of the company’s stock worth $3,196,000 after acquiring an additional 1,755 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Down 0.1 %

NYSE:SNA opened at $268.56 on Tuesday. The firm has a market capitalization of $14.16 billion, a P/E ratio of 14.09, a PEG ratio of 1.92 and a beta of 0.99. Snap-on Incorporated has a 1-year low of $247.68 and a 1-year high of $298.49. The company’s fifty day moving average price is $283.80 and its 200-day moving average price is $278.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.60 earnings per share. As a group, equities research analysts anticipate that Snap-on Incorporated will post 19.24 EPS for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Analyst Ratings Changes

A number of research analysts have issued reports on SNA shares. Roth Mkm restated a “buy” rating and set a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Barrington Research restated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. 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. Finally, Robert W. Baird cut their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $316.75.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 7,522 shares of the stock in a transaction on 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 $26,014,052.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction 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 sale, the vice president now directly owns 3,213 shares of the company’s stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 7,522 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 95,661 shares in the company, valued at $26,014,052.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,368 shares of company stock valued at $13,399,449. Corporate insiders own 4.10% of the company’s stock.

About Snap-on

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.