Andra AP fonden Decreases Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Andra AP fonden lessened its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,400 shares of the company's stock after selling 17,600 shares during the period. Andra AP fonden's holdings in Snap-on were worth $6,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Snap-on in the fourth quarter valued at approximately $148,839,000. Proficio Capital Partners LLC bought a new stake in shares of Snap-on in the 4th quarter valued at $57,738,000. Benjamin Edwards Inc. boosted its stake in shares of Snap-on by 2,691.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company's stock valued at $45,810,000 after purchasing an additional 152,428 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Snap-on by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company's stock worth $384,813,000 after buying an additional 127,859 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its stake in Snap-on by 706.3% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 113,331 shares of the company's stock worth $38,474,000 after buying an additional 99,276 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Transactions at Snap-on

In related news, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction 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 sale, the chief financial officer now owns 107,096 shares in the company, valued at approximately $36,310,898.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,220 shares of company stock valued at $6,906,802 over the last three months. Corporate insiders own 4.10% of the company's stock.

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Wall Street Analysts Forecast Growth

SNA has been the topic of a number of research analyst reports. Tigress Financial upped their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Snap-on currently has an average rating of "Hold" and a consensus target price of $346.40.

Snap-on Stock Down 3.2 %

Snap-on stock traded down $10.86 during midday trading on Wednesday, reaching $324.87. The stock had a trading volume of 553,975 shares, compared to its average volume of 326,907. The company has a fifty day moving average price of $342.13 and a two-hundred day moving average price of $329.13. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17.02 billion, a P/E ratio of 16.66, a PEG ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share 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 quarter last year, the business earned $4.75 EPS. As a group, equities analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

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

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.