American Century Companies Inc. Purchases 9,596 Shares of Snap-on Incorporated (NYSE:SNA)

American Century Companies Inc. lifted its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,348 shares of the company's stock after acquiring an additional 9,596 shares during the period. American Century Companies Inc. owned approximately 0.15% of Snap-on worth $25,919,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SNA. Mizuho Securities USA LLC boosted its stake in Snap-on by 45.7% in the 4th quarter. Mizuho Securities USA LLC now owns 4,976 shares of the company's stock worth $1,689,000 after purchasing an additional 1,560 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Snap-on by 4.0% in the fourth quarter. TD Private Client Wealth LLC now owns 10,918 shares of the company's stock worth $3,706,000 after buying an additional 421 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Snap-on by 107.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 4,689 shares of the company's stock valued at $1,592,000 after acquiring an additional 2,424 shares during the period. Teacher Retirement System of Texas grew its stake in Snap-on by 31.6% during the fourth quarter. Teacher Retirement System of Texas now owns 61,477 shares of the company's stock valued at $20,870,000 after acquiring an additional 14,774 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in Snap-on by 10.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 25,571 shares of the company's stock worth $8,681,000 after acquiring an additional 2,324 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares of the company's stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now owns 793,932 shares in the company, 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. Insiders have sold a total of 36,011 shares of company stock worth $12,116,859 in the last 90 days. 3.90% of the stock is owned by company insiders.

Snap-on Price Performance

NYSE:SNA traded down $14.69 during midday trading on Thursday, hitting $327.51. The company had a trading volume of 571,416 shares, compared to its average volume of 343,307. The company has a market capitalization of $17.17 billion, a PE ratio of 16.80, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The stock's fifty day moving average price is $338.95 and its 200-day moving average price is $334.75.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (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 in the previous year, the company posted $4.75 earnings per share. As a group, research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is currently 43.90%.

Analysts Set New Price Targets

A number of research firms have recently commented on SNA. Barrington Research restated an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research 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 research report on Tuesday, March 4th. Finally, Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.