Everpar Advisors LLC Makes New Investment in Snap-on Incorporated (NYSE:SNA)

Everpar Advisors LLC acquired a new stake in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,138 shares of the company’s stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNA. BKM Wealth Management LLC acquired a new position in shares of Snap-on in the fourth quarter valued at $33,000. Peoples Bank KS acquired a new position in shares of Snap-on in the third quarter valued at $40,000. Exchange Traded Concepts LLC acquired a new position in shares of Snap-on in the fourth quarter valued at $43,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap-on in the third quarter valued at $49,000. Finally, Orion Capital Management LLC acquired a new position in shares of Snap-on in the third quarter valued at $49,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNA shares. Robert W. Baird decreased their price target on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Barrington Research restated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research note on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Finally, Tigress Financial restated a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $316.75.

Insider Transactions at Snap-on

In other news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jesus Arregui sold 2,562 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the transaction, the senior vice president now owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,930 shares of company stock valued at $14,089,523. 4.10% of the stock is currently owned by insiders.

Snap-on Price Performance

Snap-on stock traded down $0.96 during trading hours on Wednesday, reaching $275.90. 296,131 shares of the stock were exchanged, compared to its average volume of 310,744. The company has a market cap of $14.55 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. Snap-on Incorporated has a twelve month low of $247.68 and a twelve month high of $298.49. The stock has a 50 day moving average of $284.38 and a two-hundred day moving average of $279.81.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $4.60 earnings per share. Equities analysts expect that Snap-on Incorporated will post 19.02 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a $1.86 dividend. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.70%. Snap-on’s dividend payout ratio (DPR) is currently 39.03%.

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.