Boston Trust Walden Corp Raises Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Boston Trust Walden Corp lifted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,537 shares of the company’s stock after acquiring an additional 6,285 shares during the period. Boston Trust Walden Corp’s holdings in Snap-on were worth $71,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new position in Snap-on in the fourth quarter valued at $407,000. CENTRAL TRUST Co boosted its stake in shares of Snap-on by 10.0% during the fourth quarter. CENTRAL TRUST Co now owns 651 shares of the company’s stock worth $221,000 after buying an additional 59 shares during the period. Greenleaf Trust increased its position in Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock valued at $344,000 after acquiring an additional 30 shares during the period. Golden State Equity Partners raised its stake in Snap-on by 17.5% during the 4th quarter. Golden State Equity Partners now owns 1,735 shares of the company’s stock valued at $589,000 after acquiring an additional 259 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new stake in Snap-on during the 4th quarter worth approximately $400,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP June C. Lemerand sold 3,500 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares in the company, valued at $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNA has been the subject of several recent research reports. Tigress Financial increased their price target on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird lifted their target price on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Roth Mkm increased their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America lifted their price objective on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a report on Friday, October 18th. Finally, Barrington Research reissued an “outperform” rating and set a $360.00 target price on shares of Snap-on in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $347.40.

Snap-on Stock Down 1.0 %

SNA stock opened at $355.10 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The firm has a market capitalization of $18.65 billion, a PE ratio of 18.28, a P/E/G ratio of 2.23 and a beta of 0.99. The company’s 50 day simple moving average is $349.97 and its 200-day simple moving average is $316.93.

Snap-on Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $2.14 per share. The ex-dividend date was Thursday, November 21st. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. Snap-on’s dividend payout ratio (DPR) is presently 44.06%.

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.