Lindenwold Advisors INC Has $2.66 Million Stake in Snap-on Incorporated (NYSE:SNA)

Lindenwold Advisors INC decreased its position in Snap-on Incorporated (NYSE:SNA) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,831 shares of the company’s stock after selling 54 shares during the period. Snap-on accounts for about 1.4% of Lindenwold Advisors INC’s investment portfolio, making the stock its 21st biggest holding. Lindenwold Advisors INC’s holdings in Snap-on were worth $2,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNA. UMB Bank n.a. boosted its stake in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. acquired a new position in Snap-on in the 4th quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on in the 4th quarter worth approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on during the 3rd quarter valued at $39,000. Finally, TCTC Holdings LLC boosted its stake in shares of Snap-on by 41.3% during the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock valued at $50,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Snap-on Stock Down 0.1 %

SNA stock opened at $328.97 on Wednesday. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The company has a fifty day simple moving average of $341.27 and a 200 day simple moving average of $330.74. The firm has a market cap of $17.24 billion, a PE ratio of 16.87, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the firm posted $4.75 earnings per share. Sell-side analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.60%. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial lifted their target price on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Snap-on presently has an average rating of “Hold” and a consensus target price of $346.40.

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.