Beacon Investment Advisory Services Inc. Has $4.64 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Beacon Investment Advisory Services Inc. boosted its stake in Snap-on Incorporated (NYSE:SNA) by 874.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,676 shares of the company’s stock after buying an additional 12,273 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Snap-on were worth $4,643,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SNA. Aurora Investment Counsel lifted its holdings in shares of Snap-on by 0.9% during the third quarter. Aurora Investment Counsel now owns 3,549 shares of the company’s stock worth $1,028,000 after buying an additional 30 shares in the last quarter. UMB Bank n.a. boosted its holdings in Snap-on by 70.5% in the 4th 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. Lake Street Advisors Group LLC grew its position in shares of Snap-on by 3.1% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,074 shares of the company’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Snap-on by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,691 shares of the company’s stock worth $490,000 after purchasing an additional 32 shares during the period. Finally, Tradition Wealth Management LLC raised its position in shares of Snap-on by 3.1% in the third quarter. Tradition Wealth Management LLC now owns 1,154 shares of the company’s stock valued at $334,000 after buying an additional 35 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Insider Transactions at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Ward sold 12,737 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $333.21, for a total value of $4,244,095.77. Following the completion of the sale, the senior vice president now owns 55,401 shares in the company, valued at $18,460,167.21. This trade represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,929 shares of company stock worth $15,645,074. Insiders own 4.10% of the company’s stock.

Snap-on Stock Down 0.7 %

Shares of SNA opened at $351.70 on Thursday. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.23 and a beta of 1.00. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The stock has a fifty day moving average of $350.74 and a 200-day moving average of $312.37.

Snap-on Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Thursday, November 21st. Snap-on’s dividend payout ratio (DPR) is presently 44.06%.

Analyst Ratings Changes

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

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.