Prescott Group Capital Management L.L.C. Invests $679,000 in Snap-on Incorporated (NYSE:SNA)

Prescott Group Capital Management L.L.C. purchased a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,000 shares of the company's stock, valued at approximately $679,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Snap-on by 0.5% in the third quarter. State Street Corp now owns 2,115,973 shares of the company's stock valued at $613,019,000 after buying an additional 10,645 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Snap-on by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company's stock worth $613,195,000 after buying an additional 77,486 shares during the period. Geode Capital Management LLC grew its holdings in shares of Snap-on by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,613,459 shares of the company's stock valued at $466,199,000 after buying an additional 69,590 shares in the last quarter. Nordea Investment Management AB raised its position in Snap-on by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company's stock valued at $384,813,000 after buying an additional 127,859 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Snap-on by 9.4% in the 3rd quarter. Pacer Advisors Inc. now owns 907,655 shares of the company's stock worth $262,957,000 after acquiring an additional 78,184 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.

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Snap-on Price Performance

Snap-on stock traded up $2.58 during trading hours on Monday, hitting $344.63. 93,068 shares of the stock were exchanged, compared to its average volume of 376,001. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The business's 50-day moving average is $342.21 and its two-hundred day moving average is $328.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The stock has a market capitalization of $18.06 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period last year, the company earned $4.75 EPS. Equities research analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.48%. Snap-on's dividend payout ratio (DPR) is presently 43.90%.

Wall Street Analysts Forecast Growth

SNA has been the subject of several research reports. Barrington Research restated an "outperform" rating and set a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. One investment 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's stock. Based on data from MarketBeat, Snap-on has an average rating of "Hold" and a consensus target price of $346.40.

Insider Activity at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares of the company's stock, valued at $34,994,210.16. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,220 shares of company stock worth $6,906,802. 4.10% of the stock is owned by company insiders.

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.