Rowland & Co. Investment Counsel ADV Has $1.13 Million Stake in Snap-on Incorporated (NYSE:SNA)

Rowland & Co. Investment Counsel ADV boosted its position in Snap-on Incorporated (NYSE:SNA – Get Rating) by 201.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,266 shares of the company’s stock after buying an additional 3,521 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in Snap-on were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SNA. Moors & Cabot Inc. acquired a new position in Snap-on in the third quarter valued at $25,000. Concord Wealth Partners acquired a new position in Snap-on in the fourth quarter valued at $31,000. Northwest Investment Counselors LLC acquired a new position in Snap-on in the fourth quarter valued at $32,000. Lumature Wealth Partners LLC lifted its holdings in Snap-on by 63.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 59 shares during the period. Finally, Signaturefd LLC lifted its holdings in Snap-on by 27.5% in the fourth quarter. Signaturefd LLC now owns 241 shares of the company’s stock valued at $52,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Shares of NYSE:SNA traded up $3.29 during midday trading on Wednesday, hitting $215.21. 300,371 shares of the company’s stock were exchanged, compared to its average volume of 382,940. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.16 and a quick ratio of 2.32. The stock has a 50 day moving average price of $214.15 and a 200-day moving average price of $213.15. The company has a market cap of $11.49 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Snap-on Incorporated has a 12 month low of $197.75 and a 12 month high of $257.98.

Snap-on (NYSE:SNA – Get Rating) last posted its earnings results on Thursday, April 21st. The company reported $4.00 EPS for the quarter, topping the consensus estimate of $3.68 by $0.32. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. On average, analysts anticipate that Snap-on Incorporated will post 15.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 20th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, May 19th. Snap-on’s payout ratio is presently 36.81%.

SNA has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Snap-on in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Tigress Financial lifted their price target on shares of Snap-on from $295.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Snap-on from $240.00 to $242.00 in a research note on Friday, February 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Snap-on presently has an average rating of “Hold” and an average price target of $251.25.

Snap-on Company Profile (Get Rating)

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.

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