Snap-on Incorporated (NYSE:SNA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Snap-on Incorporated (NYSE:SNA) by 99.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512 shares of the company’s stock after selling 59,665 shares during the period. SG Americas Securities LLC’s holdings in Snap-on were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SNA. UMB Bank n.a. boosted its stake in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Snap-on in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in Snap-on in the 3rd quarter valued at about $39,000. nVerses Capital LLC bought a new stake in Snap-on during the 3rd quarter valued at $58,000. Finally, Private Trust Co. NA increased its stake in Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company’s stock valued at $63,000 after buying an additional 60 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares in the company, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by company insiders.

Snap-on Stock Down 0.5 %

NYSE:SNA opened at $338.05 on Monday. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89. The stock’s fifty day simple moving average is $347.82 and its 200-day simple moving average is $319.63. The firm has a market capitalization of $17.75 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.13 and a beta of 0.99.

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

Analysts Set New Price Targets

SNA has been the subject of a number of research reports. Barrington Research restated an “outperform” rating and set a $360.00 target price on shares of Snap-on in a report on Monday, February 3rd. Bank of America upped their target price on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Roth Mkm upped their target price on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Tigress Financial lifted their target price on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird increased their price target on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Snap-on presently has a consensus rating of “Hold” and an average price target of $347.40.

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.