Banco Santander S.A. Purchases Shares of 18,288 Snap-on Incorporated (NYSE:SNA)
Banco Santander S.A. purchased a new stake in Snap-on Incorporated (NYSE:SNA – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,288 shares of the company’s stock, valued at approximately $5,270,000.
Other hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC lifted its holdings in shares of Snap-on by 96.3% during the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock worth $26,000 after acquiring an additional 52 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares during the period. Spire Wealth Management lifted its holdings in shares of Snap-on by 50.0% during the 1st quarter. Spire Wealth Management now owns 144 shares of the company’s stock worth $36,000 after acquiring an additional 48 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Snap-on by 100.0% during the 2nd quarter. WASHINGTON TRUST Co now owns 140 shares of the company’s stock worth $40,000 after acquiring an additional 70 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Snap-on by 55.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 143 shares of the company’s stock worth $41,000 after acquiring an additional 51 shares during the period. 83.90% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
SNA has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Snap-on in a report on Thursday, October 5th. They set a “buy” rating for the company. Tigress Financial increased their target price on shares of Snap-on from $328.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Finally, Roth Mkm reiterated a “buy” rating and set a $324.00 target price on shares of Snap-on in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $298.17.
View Our Latest Stock Analysis on SNA
Snap-on Trading Up 1.0 %
Shares of Snap-on stock opened at $281.07 on Tuesday. The stock has a market capitalization of $14.83 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04. The company has a quick ratio of 2.62, a current ratio of 3.67 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $265.81 and a 200 day simple moving average of $268.54. Snap-on Incorporated has a 12-month low of $220.21 and a 12-month high of $297.26.
Snap-on (NYSE:SNA – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.07. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Snap-on had a net margin of 21.21% and a return on equity of 21.20%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.14 EPS. Research analysts expect that Snap-on Incorporated will post 18.62 earnings per share for the current fiscal year.
Snap-on Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Tuesday, November 21st were given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, November 20th. This is a boost from Snap-on’s previous quarterly dividend of $1.62. Snap-on’s dividend payout ratio (DPR) is presently 40.39%.
Insider Buying and Selling at Snap-on
In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,078 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $258.16, for a total value of $5,699,656.48. Following the completion of the sale, the chief executive officer now owns 697,506 shares in the company, valued at approximately $180,068,148.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Nicholas T. Pinchuk sold 22,078 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $258.16, for a total value of $5,699,656.48. Following the transaction, the chief executive officer now owns 697,506 shares of the company’s stock, valued at approximately $180,068,148.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,493 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $279.40, for a total transaction of $6,005,144.20. Following the completion of the transaction, the chief executive officer now directly owns 708,513 shares in the company, valued at approximately $197,958,532.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,171 shares of company stock worth $12,688,969. 4.20% of the stock is currently owned by corporate insiders.
Snap-on Company Profile (Free Report)
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.
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