Liberty One Investment Management LLC Sells 174 Shares of Snap-on Incorporated (NYSE:SNA)

Liberty One Investment Management LLC reduced its position in Snap-on Incorporated (NYSE:SNA) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,993 shares of the company’s stock after selling 174 shares during the period. Liberty One Investment Management LLC’s holdings in Snap-on were worth $986,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC bought a new stake in shares of Snap-on in the first quarter valued at approximately $222,000. Commerce Bank lifted its position in shares of Snap-on by 3.0% during the first quarter. Commerce Bank now owns 3,282 shares of the company’s stock worth $810,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Snap-on by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 3,500 shares of the company’s stock worth $864,000 after acquiring an additional 100 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Snap-on by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 83,401 shares of the company’s stock valued at $20,591,000 after purchasing an additional 768 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Snap-on during the 1st quarter valued at $2,314,000. 83.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNA has been the subject of several analyst reports. Tigress Financial raised their target price on Snap-on from $302.00 to $328.00 in a research note on Wednesday, June 21st. 888 reaffirmed a “reiterates” rating on shares of Snap-on in a report on Wednesday, May 24th. CL King began coverage on shares of Snap-on in a research note on Friday, July 7th. They issued a “neutral” rating on the stock. StockNews.com started coverage on shares of Snap-on in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Roth Mkm reiterated a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $296.83.

Snap-on Stock Performance

NYSE SNA opened at $259.74 on Friday. Snap-on Incorporated has a 52-week low of $200.75 and a 52-week high of $297.26. The company has a fifty day moving average of $274.17 and a 200-day moving average of $260.84. The company has a market capitalization of $13.75 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.58 and a current ratio of 3.67.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, July 20th. The company reported $4.89 EPS for the quarter, beating the consensus estimate of $4.58 by $0.31. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Snap-on had a return on equity of 21.38% and a net margin of 21.06%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.27 EPS. As a group, equities research analysts predict that Snap-on Incorporated will post 18.45 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 17th. Snap-on’s dividend payout ratio is presently 35.90%.

Insider Buying and Selling at Snap-on

In other news, SVP Timothy L. Chambers sold 4,598 shares of Snap-on stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $289.07, for a total value of $1,329,143.86. Following the transaction, the senior vice president now owns 13,276 shares in the company, valued at $3,837,693.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Snap-on news, CFO Aldo John Pagliari sold 4,108 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $271.11, for a total value of $1,113,719.88. Following the sale, the chief financial officer now owns 84,714 shares of the company’s stock, valued at approximately $22,966,812.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy L. Chambers sold 4,598 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $289.07, for a total transaction of $1,329,143.86. Following the sale, the senior vice president now owns 13,276 shares of the company’s stock, valued at $3,837,693.32. The disclosure for this sale can be found here. Insiders sold a total of 34,896 shares of company stock worth $9,898,471 over the last three months. Company insiders own 4.20% of the company’s stock.

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.