Apollon Wealth Management LLC Sells 676 Shares of Snap-on Incorporated (NYSE:SNA)

Apollon Wealth Management LLC lowered its holdings in Snap-on Incorporated (NYSE:SNA) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,888 shares of the company’s stock after selling 676 shares during the quarter. Apollon Wealth Management LLC’s holdings in Snap-on were worth $1,659,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SNA. Vest Financial LLC grew its stake in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after purchasing an additional 2,460 shares during the period. Asset Management One Co. Ltd. boosted its position in Snap-on by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after buying an additional 67 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after buying an additional 1,605 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Snap-on during the third quarter worth approximately $19,291,000. Finally, Avanza Fonder AB bought a new position in shares of Snap-on in the fourth quarter valued at approximately $1,936,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Price Performance

Snap-on stock opened at $340.38 on Tuesday. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.13 and a beta of 0.99. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $347.29 and its 200 day simple moving average is $320.10.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the business posted $4.75 earnings per share. As a group, research analysts anticipate that Snap-on Incorporated will post 20.07 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,192 shares of company stock valued at $11,400,978. 4.10% of the stock is currently owned by company insiders.

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.