Achmea Investment Management B.V. Sells 3,602 Shares of Snap-on Incorporated (NYSE:SNA)

Achmea Investment Management B.V. lowered its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,951 shares of the company's stock after selling 3,602 shares during the period. Achmea Investment Management B.V. owned 0.08% of Snap-on worth $14,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Snap-on by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company's stock worth $613,195,000 after acquiring an additional 77,486 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Snap-on by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,613,459 shares of the company's stock worth $466,199,000 after acquiring an additional 69,590 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Snap-on by 12.8% during the 4th quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company's stock worth $384,813,000 after acquiring an additional 127,859 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Snap-on by 9.4% during 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 during the last quarter. Institutional investors own 84.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SNA shares. Barrington Research reissued an "outperform" rating and set a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. Tigress Financial boosted their target price on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One research 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, the stock currently has an average rating of "Hold" and a consensus price target of $346.40.

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Snap-on Stock Performance

Shares of NYSE SNA opened at $324.87 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The stock's fifty day moving average price is $342.13 and its two-hundred day moving average price is $329.13. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating 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 business posted $4.75 EPS. On average, equities analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is 43.90%.

Insider Buying and Selling at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction on Monday, February 10th. The stock was 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 approximately $86,817.17. This represents a 96.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aldo John Pagliari sold 6,909 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares of the company's stock, valued at approximately $34,994,210.16. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,220 shares of company stock valued at $6,906,802 in the last ninety days. 4.10% of the stock is currently owned by corporate 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.

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