Everpar Advisors LLC Invests $329,000 in Snap-on Incorporated (NYSE:SNA)

Everpar Advisors LLC purchased a new stake in shares of Snap-on Incorporated (NYSE:SNA) in the fourth quarter, Holdings Channel reports. The firm purchased 1,138 shares of the company’s stock, valued at approximately $329,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal London Asset Management Ltd. grew its stake in shares of Snap-on by 12.7% in the third quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock worth $5,751,000 after purchasing an additional 2,542 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Snap-on in the 4th quarter worth approximately $1,203,000. Cerity Partners LLC increased its stake in shares of Snap-on by 275.7% during the fourth quarter. Cerity Partners LLC now owns 7,938 shares of the company’s stock valued at $2,292,000 after buying an additional 5,825 shares during the period. Vision Capital Management Inc. bought a new position in shares of Snap-on during the fourth quarter valued at approximately $2,377,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Snap-on by 22.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 19,722 shares of the company’s stock valued at $5,697,000 after acquiring an additional 3,578 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Activity

In other news, CFO Aldo John Pagliari sold 3,231 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Snap-on 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 value of $209,904.64. Following the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares in the company, valued at $25,213,456.14. The disclosure for this sale can be found here. Insiders have sold a total of 49,930 shares of company stock valued at $14,089,523 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Snap-on Stock Down 0.3 %

Shares of NYSE SNA traded down $0.96 on Wednesday, reaching $275.90. 296,131 shares of the company’s stock traded hands, compared to its average volume of 310,744. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $284.38 and its two-hundred day simple moving average is $279.81. Snap-on Incorporated has a 12 month low of $247.68 and a 12 month high of $298.49. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00.

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

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s payout ratio is currently 39.03%.

Wall Street Analysts Forecast Growth

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

Snap-on Company 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.