Sava Infond d.o.o. Takes $302,000 Position in Snap-on Incorporated (NYSE:SNA)

Sava Infond d.o.o. acquired a new position in Snap-on Incorporated (NYSE:SNA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 890 shares of the company's stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNA. Raymond James Financial Inc. bought a new position in shares of Snap-on during the 4th quarter worth approximately $148,839,000. Proficio Capital Partners LLC bought a new position in shares of Snap-on in the 4th quarter valued at about $57,738,000. Benjamin Edwards Inc. grew its holdings in Snap-on by 2,691.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company's stock worth $45,810,000 after acquiring an additional 152,428 shares during the period. Nordea Investment Management AB lifted its stake in Snap-on by 12.8% in 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, Amundi boosted its stake in Snap-on by 137.0% during the 4th quarter. Amundi now owns 201,207 shares of the company's stock worth $68,039,000 after acquiring an additional 116,319 shares during the last quarter. Institutional investors own 84.88% of the company's stock.

Insider Transactions at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the company'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 completion of the sale, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This represents a 96.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the sale, the chief executive officer now owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is currently owned by corporate insiders.

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Snap-on Stock Up 2.1 %

Shares of NYSE:SNA traded up $6.92 during midday trading on Monday, hitting $336.23. 158,174 shares of the company's stock were exchanged, compared to its average volume of 340,606. The company has a market cap of $17.62 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The stock has a 50 day moving average price of $340.12 and a 200-day moving average price of $333.92.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm earned $4.75 EPS. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is currently 43.90%.

Analyst Ratings Changes

SNA has been the subject of several research reports. Tigress Financial increased their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Barrington Research restated an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Finally, Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Snap-on presently has an average rating of "Moderate Buy" and a consensus target price of $355.33.

Snap-on 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.