Atria Wealth Solutions Inc. Raises Holdings in Snap-on Incorporated (NYSE:SNA)

Atria Wealth Solutions Inc. increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 36.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,409 shares of the company’s stock after purchasing an additional 1,181 shares during the period. Atria Wealth Solutions Inc.’s holdings in Snap-on were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Avantax Planning Partners Inc. grew its holdings in Snap-on by 3.5% in the 3rd quarter. Avantax Planning Partners Inc. now owns 1,131 shares of the company’s stock valued at $288,000 after buying an additional 38 shares in the last quarter. Phoenix Wealth Advisors grew its holdings in Snap-on by 3.1% in the 3rd quarter. Phoenix Wealth Advisors now owns 1,309 shares of the company’s stock valued at $334,000 after buying an additional 39 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Snap-on by 17.2% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock valued at $79,000 after buying an additional 40 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in Snap-on by 2.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company’s stock valued at $570,000 after buying an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in Snap-on by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 948 shares of the company’s stock valued at $274,000 after buying an additional 48 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SNA shares. Barrington Research restated an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a report on Monday, April 15th. Robert W. Baird decreased their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Finally, Roth Mkm restated a “buy” rating and set a $324.00 target price on shares of Snap-on in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $316.75.

Insider Activity

In other news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a 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 stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jesus Arregui sold 2,562 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $269.35, for a total value of $690,074.70. Following the sale, the senior vice president now directly owns 8,663 shares in the company, valued at approximately $2,333,379.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,930 shares of company stock worth $14,089,523. 4.10% of the stock is currently owned by insiders.

Snap-on Stock Down 0.1 %

SNA stock opened at $267.74 on Thursday. The company’s 50 day moving average price is $284.33 and its 200 day moving average price is $279.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. Snap-on Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 1.85 and a beta of 1.00.

Snap-on (NYSE:SNA) last released its earnings results 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. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Snap-on Incorporated will post 19.02 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.78%. Snap-on’s payout ratio is 39.03%.

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.