Heartland Bank & Trust Co Has $603,000 Stake in Snap-on Incorporated (NYSE:SNA)

Heartland Bank & Trust Co lessened its stake in shares of Snap-on Incorporated (NYSE:SNA) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,776 shares of the company’s stock after selling 51 shares during the quarter. Heartland Bank & Trust Co’s holdings in Snap-on were worth $603,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SNA. Asset Management One Co. Ltd. lifted its position in Snap-on by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock worth $5,764,000 after acquiring an additional 67 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Snap-on by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock worth $13,264,000 after purchasing an additional 1,605 shares during the last quarter. World Investment Advisors LLC bought a new stake in Snap-on during the 3rd quarter valued at approximately $19,291,000. Avanza Fonder AB acquired a new stake in Snap-on in the 4th quarter valued at approximately $1,936,000. Finally, Integrated Wealth Concepts LLC increased its position in Snap-on by 220.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company’s stock worth $787,000 after buying an additional 1,869 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SNA. Robert W. Baird increased their price objective on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Barrington Research increased their price target on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Roth Mkm boosted their price objective on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America upped their price objective on shares of Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research report on Friday, October 18th. Finally, Tigress Financial lifted their target price on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Snap-on presently has an average rating of “Hold” and an average target price of $345.40.

Snap-on Stock Performance

NYSE SNA opened at $350.33 on Monday. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $18.40 billion, a P/E ratio of 18.03, a PEG ratio of 2.21 and a beta of 1.00. The company’s 50-day simple moving average is $350.47 and its 200 day simple moving average is $314.05.

Snap-on Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $2.14 dividend. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, November 21st. Snap-on’s dividend payout ratio is currently 44.06%.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was 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 of the company’s stock, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the sale, the vice president now owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,192 shares of company stock worth $11,400,978 over the last three months. Company insiders own 4.10% of the company’s stock.

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.