Jacobs & Co. CA Has $4.07 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Jacobs & Co. CA lessened its holdings in Snap-on Incorporated (NYSE:SNA) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,102 shares of the company’s stock after selling 395 shares during the quarter. Jacobs & Co. CA’s holdings in Snap-on were worth $4,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC increased its holdings in Snap-on by 96.3% in the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after buying an additional 52 shares during the period. BKM Wealth Management LLC bought a new stake in Snap-on in the 4th quarter valued at $33,000. Parkside Financial Bank & Trust grew its holdings in shares of Snap-on by 57.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Snap-on in the 4th quarter worth about $43,000. Finally, Quarry LP grew its holdings in shares of Snap-on by 384.4% in the 2nd quarter. Quarry LP now owns 155 shares of the company’s stock worth $45,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SNA. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. Barrington Research reiterated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $306.00.

Insider Activity at Snap-on

In related news, CFO Aldo John Pagliari sold 7,522 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the sale, the chief financial officer now directly owns 95,661 shares in the company, valued at approximately $26,014,052.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 7,522 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the sale, the chief financial officer now directly owns 95,661 shares of the company’s stock, valued at approximately $26,014,052.34. The disclosure for this sale can be found here. Insiders have sold 46,664 shares of company stock worth $13,189,544 in the last ninety days. Company insiders own 4.10% of the company’s stock.

Snap-on Stock Performance

Snap-on stock opened at $296.94 on Thursday. The company has a current ratio of 3.88, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a 1 year low of $226.68 and a 1 year high of $297.61. The company has a market cap of $15.69 billion, a PE ratio of 15.84, a PEG ratio of 2.08 and a beta of 0.98. The company’s 50-day moving average is $283.38 and its two-hundred day moving average is $274.79.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 8th. 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 net margin of 21.38% and a return on equity of 20.89%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $4.42 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Snap-on Incorporated will post 19.21 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were given a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.51%. Snap-on’s dividend payout ratio is 39.68%.

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.