Planned Solutions Inc. Purchases 50 Shares of Snap-on Incorporated (NYSE:SNA)

Planned Solutions Inc. lifted its position in shares of Snap-on Incorporated (NYSE:SNA) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the company’s stock after purchasing an additional 50 shares during the period. Planned Solutions Inc.’s holdings in Snap-on were worth $323,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Snap-on by 13.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,041 shares of the company’s stock worth $1,056,000 after purchasing an additional 464 shares during the period. Blair William & Co. IL increased its holdings in Snap-on by 0.6% during the second quarter. Blair William & Co. IL now owns 7,885 shares of the company’s stock worth $2,061,000 after buying an additional 48 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Snap-on by 97.8% in the second quarter. Canada Pension Plan Investment Board now owns 10,089 shares of the company’s stock worth $2,637,000 after acquiring an additional 4,989 shares during the period. Ensign Peak Advisors Inc boosted its stake in Snap-on by 2.3% in the second quarter. Ensign Peak Advisors Inc now owns 24,036 shares of the company’s stock valued at $6,283,000 after acquiring an additional 550 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Snap-on by 1.8% during the 2nd quarter. ProShare Advisors LLC now owns 12,118 shares of the company’s stock valued at $3,168,000 after acquiring an additional 212 shares during the period. 84.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on SNA. Tigress Financial lifted their price target on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird boosted their target price on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Bank of America increased their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research note on Friday, October 18th. Roth Mkm lifted their price objective on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barrington Research upped their price objective on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Snap-on presently has an average rating of “Hold” and a consensus target price of $345.40.

Snap-on Price Performance

Shares of NYSE SNA opened at $354.46 on Wednesday. The stock has a fifty day moving average of $350.93 and a 200-day moving average of $312.09. The stock has a market cap of $18.61 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89.

Snap-on Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a dividend of $2.14 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 annualized dividend and a dividend yield of 2.41%. Snap-on’s dividend payout ratio is currently 44.06%.

Insider Transactions at Snap-on

In related news, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now owns 100,668 shares of the company’s stock, valued at approximately $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas J. Ward sold 12,737 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $333.21, for a total value of $4,244,095.77. Following the transaction, the senior vice president now owns 55,401 shares of the company’s stock, valued at approximately $18,460,167.21. The trade was a 18.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,929 shares of company stock valued at $15,645,074. 4.10% of the stock is currently owned by corporate 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.