Tyche Wealth Partners LLC Purchases Shares of 2,580 Snap-on Incorporated (NYSE:SNA)

Tyche Wealth Partners LLC purchased a new stake in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,580 shares of the company’s stock, valued at approximately $876,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after buying an additional 67 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after purchasing an additional 1,605 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Snap-on in the 3rd quarter valued at $19,291,000. Avanza Fonder AB acquired a new stake in shares of Snap-on in the 4th quarter valued at $1,936,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Snap-on by 220.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company’s stock valued at $787,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Up 0.5 %

Shares of NYSE:SNA opened at $357.61 on Thursday. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89. The company has a 50 day moving average of $349.05 and a 200-day moving average of $318.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.23 and a beta of 0.99.

Snap-on Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $2.14 per share. This is a boost from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. This represents a $8.56 annualized dividend and a dividend yield of 2.39%. Snap-on’s payout ratio is presently 44.06%.

Insider Buying and Selling at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares of the company’s stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,192 shares of company stock worth $11,400,978. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SNA. Tigress Financial boosted their target price on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America upped their price target on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Robert W. Baird upped their price target on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Roth Mkm upped their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barrington Research reiterated an “outperform” rating and set a $360.00 price target on shares of Snap-on in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Snap-on currently has an average rating of “Hold” and a consensus target price of $347.40.

Snap-on Company Profile

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.