First Command Bank Makes New $30,000 Investment in Snap-on Incorporated (NYSE:SNA)


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First Command Bank bought a new position in shares of Snap-on Incorporated (NYSE:SNA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 132 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of Snap-on by 219.5% during the first quarter. Exchange Traded Concepts LLC now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Bogart Wealth LLC bought a new stake in Snap-on in the first quarter worth $31,000. Valeo Financial Advisors LLC bought a new stake in Snap-on in the fourth quarter worth $26,000. IronBridge Private Wealth LLC bought a new stake in Snap-on in the fourth quarter worth $28,000. Finally, International Assets Investment Management LLC bought a new stake in Snap-on in the fourth quarter worth $35,000. Institutional investors own 91.57% of the company’s stock.

Snap-on stock opened at $236.99 on Thursday. The company has a market capitalization of $12.90 billion, a PE ratio of 22.15, a P/E/G ratio of 1.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.95 and a current ratio of 2.63. Snap-on Incorporated has a fifty-two week low of $111.71 and a fifty-two week high of $238.10. The company has a 50 day moving average price of $226.29 and a 200-day moving average price of $187.08.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 4th. The company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.89. Snap-on had a return on equity of 17.17% and a net margin of 16.95%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $942.78 million. During the same period last year, the business posted $3.08 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Snap-on Incorporated will post 10.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Tuesday, February 23rd were paid a dividend of $1.23 per share. The ex-dividend date of this dividend was Monday, February 22nd. This represents a $4.92 dividend on an annualized basis and a yield of 2.08%. Snap-on’s payout ratio is 40.13%.

In related news, SVP Timothy L. Chambers sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, January 28th. The stock was sold at an average price of $190.25, for a total value of $1,141,500.00. Following the sale, the senior vice president now owns 16,453 shares in the company, valued at $3,130,183.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Thomas J. Ward sold 5,711 shares of Snap-on stock in a transaction dated Friday, April 9th. The shares were sold at an average price of $235.23, for a total value of $1,343,398.53. Following the transaction, the senior vice president now owns 51,254 shares of the company’s stock, valued at approximately $12,056,478.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,744 shares of company stock valued at $10,740,946. Corporate insiders own 4.20% of the company’s stock.

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.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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