Snap-on Incorporated (NYSE:SNA) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its position in Snap-on Incorporated (NYSE:SNA) by 53.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,538 shares of the company’s stock after selling 7,615 shares during the period. Congress Wealth Management LLC DE’s holdings in Snap-on were worth $2,220,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNA. Vanguard Group Inc. increased its position in Snap-on by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company’s stock valued at $2,174,233,000 after acquiring an additional 19,328 shares during the period. Stevens Capital Management LP acquired a new position in shares of Snap-on during the fourth quarter valued at $215,000. LPL Financial LLC raised its stake in shares of Snap-on by 25.5% during the fourth quarter. LPL Financial LLC now owns 73,764 shares of the company’s stock valued at $25,042,000 after purchasing an additional 14,985 shares in the last quarter. Richwood Investment Advisors LLC lifted its holdings in Snap-on by 1.2% in the fourth quarter. Richwood Investment Advisors LLC now owns 3,053 shares of the company’s stock worth $1,036,000 after purchasing an additional 35 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Snap-on in the 4th quarter valued at about $25,394,000. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SNA shares. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial upped their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $346.40.

Snap-on Stock Performance

Shares of SNA opened at $337.39 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm’s 50 day moving average is $340.71 and its 200-day moving average is $332.73. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The stock has a market capitalization of $17.69 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping 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 business earned $4.75 EPS. Equities research analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. Snap-on’s dividend payout ratio (DPR) is 43.90%.

Insiders Place Their Bets

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