Snap-on Incorporated (NYSE:SNA) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel decreased its position in shares of Snap-on Incorporated (NYSE:SNA) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,519 shares of the company’s stock after selling 223 shares during the period. Aurora Investment Counsel’s holdings in Snap-on were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNA. Steward Partners Investment Advisory LLC raised its position in Snap-on by 17.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,020 shares of the company’s stock valued at $584,000 after purchasing an additional 303 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Snap-on by 7.5% during the fourth quarter. TD Asset Management Inc now owns 18,870 shares of the company’s stock worth $5,450,000 after buying an additional 1,324 shares during the period. KBC Group NV grew its holdings in shares of Snap-on by 38.9% during the fourth quarter. KBC Group NV now owns 7,358 shares of the company’s stock worth $2,126,000 after buying an additional 2,062 shares during the last quarter. Jones Financial Companies Lllp increased its position in Snap-on by 76.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,570 shares of the company’s stock valued at $453,000 after acquiring an additional 678 shares during the period. Finally, NEOS Investment Management LLC purchased a new stake in Snap-on during the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 4,473 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $278.74, for a total transaction of $1,246,804.02. Following the sale, the chief financial officer now directly owns 99,244 shares in the company, valued at $27,663,272.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Nicholas T. Pinchuk sold 24,145 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $268.95, for a total value of $6,493,797.75. Following the sale, the chief executive officer now directly owns 759,019 shares in the company, valued at $204,138,160.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 4,473 shares of Snap-on stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $278.74, for a total value of $1,246,804.02. Following the transaction, the chief financial officer now owns 99,244 shares of the company’s stock, valued at $27,663,272.56. The disclosure for this sale can be found here. Insiders have sold 29,804 shares of company stock valued at $8,077,390 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNA has been the topic of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $324.00 target price on shares of Snap-on in a report on Tuesday, July 16th. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a research report on Thursday, July 25th. Barrington Research restated an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research note on Friday, September 20th. Finally, Robert W. Baird dropped their price target on shares of Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $315.00.

Snap-on Trading Up 0.4 %

Shares of SNA stock opened at $289.71 on Tuesday. The business’s fifty day moving average price is $278.81 and its 200 day moving average price is $276.27. The firm has a market capitalization of $15.27 billion, a PE ratio of 15.20, a P/E/G ratio of 1.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.06 and a quick ratio of 3.05. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, July 18th. The company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.13. Snap-on had a net margin of 21.90% and a return on equity of 19.90%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $4.89 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Snap-on Incorporated will post 18.95 EPS for the current fiscal year.

Snap-on declared that its board has authorized a stock repurchase program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.86 per share. The ex-dividend date was Monday, August 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.57%. Snap-on’s payout ratio is 39.03%.

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.