Wealth Enhancement Advisory Services LLC Buys 2,202 Shares of Snap-on Incorporated (NYSE:SNA)

Wealth Enhancement Advisory Services LLC grew its stake in Snap-on Incorporated (NYSE:SNA) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,830 shares of the company’s stock after purchasing an additional 2,202 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Snap-on worth $10,317,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SNA. Cardinal Capital Management boosted its position in Snap-on by 12.1% during the 1st quarter. Cardinal Capital Management now owns 10,287 shares of the company’s stock valued at $3,047,000 after acquiring an additional 1,110 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Snap-on by 27.4% in the first quarter. Janiczek Wealth Management LLC now owns 567 shares of the company’s stock worth $168,000 after purchasing an additional 122 shares during the period. West Coast Financial LLC raised its holdings in Snap-on by 0.3% in the first quarter. West Coast Financial LLC now owns 35,315 shares of the company’s stock worth $10,461,000 after purchasing an additional 107 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Snap-on by 1,327.2% during the first quarter. AdvisorNet Financial Inc now owns 1,156 shares of the company’s stock valued at $342,000 after buying an additional 1,075 shares during the period. Finally, &PARTNERS bought a new stake in shares of Snap-on during the 1st quarter valued at $248,000. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Up 1.0 %

Shares of Snap-on stock opened at $261.39 on Friday. The company has a 50-day simple moving average of $270.62 and a two-hundred day simple moving average of $279.94. The stock has a market capitalization of $13.78 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Snap-on Incorporated has a 52-week low of $249.84 and a 52-week high of $298.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $4.60 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Snap-on Incorporated will post 19.01 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were given a dividend of $1.86 per share. The ex-dividend date was Friday, May 17th. This represents a $7.44 annualized dividend and a dividend yield of 2.85%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNA. Barrington Research reiterated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research note on Wednesday, May 22nd. Robert W. Baird lowered their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Roth Mkm restated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Snap-on presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.75.

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 24,220 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the sale, the chief executive officer now owns 750,663 shares of the company’s stock, valued at approximately $200,276,888.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Nicholas T. Pinchuk sold 24,220 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the transaction, the chief executive officer now directly owns 750,663 shares of the company’s stock, valued at approximately $200,276,888.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jesus Arregui sold 8,434 shares of Snap-on stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $265.17, for a total value of $2,236,443.78. Following the completion of the sale, the senior vice president now directly owns 252 shares of the company’s stock, valued at approximately $66,822.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,632 shares of company stock worth $10,353,409. 4.10% of the stock is 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.