International Assets Investment Management LLC Has $21.53 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

International Assets Investment Management LLC boosted its stake in Snap-on Incorporated (NYSE:SNA) by 31,080.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,521 shares of the company’s stock after purchasing an additional 74,282 shares during the quarter. International Assets Investment Management LLC owned about 0.14% of Snap-on worth $21,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SNA. BKM Wealth Management LLC bought a new stake in shares of Snap-on during the 4th quarter worth approximately $33,000. Exchange Traded Concepts LLC acquired a new stake in shares of Snap-on in the 4th quarter valued at $43,000. Peoples Bank KS bought a new position in shares of Snap-on in the 3rd quarter valued at $40,000. Fortitude Family Office LLC acquired a new position in shares of Snap-on during the 4th quarter worth $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Snap-on during the 4th quarter worth $53,000. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the subject of several research analyst reports. Roth Mkm reissued a “buy” rating and set a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Robert W. Baird cut their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Tigress Financial reiterated a “buy” rating and set a $336.00 price target on shares of Snap-on in a report on Friday, February 16th. Finally, Barrington Research reissued an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Snap-on has an average rating of “Moderate Buy” and an average price target of $316.75.

Snap-on Trading Up 1.6 %

SNA opened at $271.03 on Friday. 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 Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49. The company’s 50 day moving average price is $284.25 and its two-hundred day moving average price is $279.28. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.84 and a beta of 1.00.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. Snap-on’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 earnings per share. As a group, research analysts predict that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be paid a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 annualized dividend and a dividend yield of 2.75%. Snap-on’s payout ratio is 39.03%.

Insider Transactions at Snap-on

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the sale, the chief executive officer now directly owns 742,383 shares in the company, valued at $213,420,264.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of Snap-on stock in a transaction 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 completion of the transaction, the chief executive officer now owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Thomas Miller sold 704 shares of the company’s 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 in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. Insiders sold 49,930 shares of company stock worth $14,089,523 over the last ninety days. 4.10% of the stock is owned by insiders.

Snap-on 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.