Legacy Capital Group California Inc. Has $396,000 Stake in Snap-on Incorporated (NYSE:SNA)

Legacy Capital Group California Inc. increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,375 shares of the company’s stock after buying an additional 62 shares during the period. Legacy Capital Group California Inc.’s holdings in Snap-on were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Clear Street Markets LLC increased its holdings in shares of Snap-on by 96.3% in the first quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after purchasing an additional 52 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Snap-on by 57.3% in the first quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Snap-on by 100.0% in the second quarter. WASHINGTON TRUST Co now owns 140 shares of the company’s stock valued at $40,000 after purchasing an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Snap-on by 55.4% in the second quarter. EverSource Wealth Advisors LLC now owns 143 shares of the company’s stock valued at $41,000 after purchasing an additional 51 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Snap-on by 50.0% in the first quarter. Spire Wealth Management now owns 144 shares of the company’s stock valued at $36,000 after purchasing an additional 48 shares during the last quarter. 83.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 4,842 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $262.13, for a total value of $1,269,233.46. Following the completion of the transaction, the chief financial officer now owns 86,888 shares of the company’s stock, valued at $22,775,951.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Aldo John Pagliari sold 4,842 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $262.13, for a total value of $1,269,233.46. Following the completion of the transaction, the chief financial officer now owns 86,888 shares of the company’s stock, valued at $22,775,951.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,078 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 697,506 shares of the company’s stock, valued at approximately $180,068,148.96. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Snap-on Trading Up 1.1 %

SNA opened at $277.76 on Friday. Snap-on Incorporated has a twelve month low of $220.21 and a twelve month high of $297.26. The company has a 50-day simple moving average of $259.80 and a 200 day simple moving average of $266.42. 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 stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.86 and a beta of 1.06.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, October 19th. The company reported $4.51 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.14 earnings per share. Analysts predict that Snap-on Incorporated will post 18.62 EPS for the current fiscal year.

Snap-on Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Tuesday, November 21st will be issued a $1.86 dividend. The ex-dividend date is Monday, November 20th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Snap-on’s previous quarterly dividend of $1.62. Snap-on’s dividend payout ratio is 35.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SNA shares. Barrington Research reissued an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research report on Monday, July 24th. Roth Mkm reissued a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research report on Thursday, October 19th. StockNews.com started coverage on shares of Snap-on in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Tigress Financial boosted their target price on shares of Snap-on from $328.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Snap-on currently has an average rating of “Hold” and an average price target of $298.17.

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.