Albert D Mason Inc. Has $2.37 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

by · The Cerbat Gem

Albert D Mason Inc. lowered its position in shares of Snap-on Incorporated (NYSE:SNA – Free Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,294 shares of the company’s stock after selling 145 shares during the period. Snap-on accounts for 1.7% of Albert D Mason Inc.’s portfolio, making the stock its 4th biggest holding. Albert D Mason Inc.’s holdings in Snap-on were worth $2,371,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SNA. Envestnet Asset Management Inc. lifted its holdings in Snap-on by 968.6% in the first quarter. Envestnet Asset Management Inc. now owns 5,349,981 shares of the company’s stock worth $134,881,000 after purchasing an additional 4,849,325 shares during the period. Norges Bank acquired a new stake in Snap-on in the fourth quarter worth about $112,490,000. Bank of Montreal Can acquired a new stake in Snap-on in the second quarter worth about $108,803,000. Wellington Management Group LLP lifted its holdings in Snap-on by 7,194.3% in the first quarter. Wellington Management Group LLP now owns 241,149 shares of the company’s stock worth $49,551,000 after purchasing an additional 237,843 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in Snap-on in the second quarter worth about $34,262,000. Institutional investors own 83.90% of the company’s stock.

Snap-on Price Performance

SNA stock opened at $289.20 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24. Snap-on Incorporated has a one year low of $220.21 and a one year high of $297.26. The firm has a market capitalization of $15.26 billion, a PE ratio of 15.70, a P/E/G ratio of 1.92 and a beta of 1.04. The firm has a 50-day moving average of $267.52 and a two-hundred day moving average of $268.95.

Snap-on (NYSE:SNA – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The company reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.07. Snap-on had a net margin of 21.21% and a return on equity of 21.20%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Snap-on Incorporated will post 18.62 earnings per share for the current year.

Snap-on Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Tuesday, November 21st were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, November 20th. This is a positive change from Snap-on’s previous quarterly dividend of $1.62. This represents a $7.44 dividend on an annualized basis and a yield of 2.57%. Snap-on’s dividend payout ratio is currently 40.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNA shares. StockNews.com started coverage on shares of Snap-on in a report on Thursday, October 5th. They issued a “buy” rating for the company. Roth Mkm reissued a “buy” rating and issued a $324.00 price target on shares of Snap-on in a report on Thursday, October 19th. Finally, Tigress Financial upped their price target on shares of Snap-on from $328.00 to $336.00 and gave the company a “buy” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Snap-on has an average rating of “Hold” and an average target price of $298.17.

Read Our Latest Stock Analysis on Snap-on

Insider Buying and Selling at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,078 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $258.16, for a total transaction of $5,699,656.48. Following the completion of the sale, the chief executive officer now directly owns 697,506 shares of the company’s stock, valued at $180,068,148.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Nicholas T. Pinchuk sold 22,078 shares of the 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 sale, the chief executive officer now directly owns 697,506 shares of the company’s stock, valued at $180,068,148.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,769 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $280.68, for a total transaction of $1,899,922.92. Following the completion of the sale, the chief financial officer now directly owns 90,119 shares of the company’s stock, valued at $25,294,600.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,940 shares of company stock valued at $14,588,892. 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.

See Also