Alliance Wealth Advisors LLC UT Buys 47 Shares of Snap-on Incorporated (NYSE:SNA)

Alliance Wealth Advisors LLC UT grew its stake in shares of Snap-on Incorporated (NYSE:SNA) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,664 shares of the company’s stock after purchasing an additional 47 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Snap-on were worth $2,503,000 as of its most recent SEC filing.

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

Snap-on Price Performance

Shares of SNA stock traded up $0.54 on Friday, reaching $270.70. The company’s stock had a trading volume of 237,139 shares, compared to its average volume of 318,346. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a 12-month low of $247.68 and a 12-month high of $298.49. The company has a market capitalization of $14.27 billion, a P/E ratio of 14.20, a PEG ratio of 1.87 and a beta of 0.99. The stock’s 50 day simple moving average is $284.28 and its 200-day simple moving average is $278.74.

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

Snap-on Dividend Announcement

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

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the transaction, the chief executive officer now directly 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 can be accessed through this link. In other news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the sale, the vice president now directly owns 3,213 shares in the company, valued at $957,988.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the sale, the chief executive officer now owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,930 shares of company stock valued at $14,089,523. 4.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNA has been the subject of several recent analyst reports. Robert W. Baird reduced their target price on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Barrington Research reiterated an “outperform” rating and issued a $325.00 price objective on shares of Snap-on in a research note on Monday, April 15th. Roth Mkm reiterated a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a research note on Thursday, April 18th. Finally, Tigress Financial reiterated a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a research note on Friday, February 16th. Two research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

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.