Asset Management One Co. Ltd. lifted its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,296 shares of the company's stock after purchasing an additional 1,400 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Snap-on were worth $7,316,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC purchased a new position in shares of Snap-on in the 4th quarter worth $512,000. Vest Financial LLC grew its position in Snap-on by 2.4% in the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after acquiring an additional 2,460 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company's stock worth $13,264,000 after acquiring an additional 1,605 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Snap-on during the third quarter valued at approximately $19,291,000. Finally, Avanza Fonder AB bought a new stake in shares of Snap-on in the 4th quarter valued at approximately $1,936,000. Institutional investors own 84.88% of the company's stock.
Analyst Ratings Changes
SNA has been the topic of several analyst reports. Barrington Research reissued an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial boosted their price objective on shares of Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Snap-on currently has a consensus rating of "Hold" and an average price target of $345.40.
View Our Latest Report on SNA
Insider Activity
In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. This represents a 2.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the completion of the sale, the vice president now owns 2,289 shares of the company's stock, valued at approximately $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,503 shares of company stock worth $15,906,074. Company insiders own 4.10% of the company's stock.
Snap-on Trading Down 0.8 %
Shares of SNA stock traded down $2.63 on Friday, reaching $335.87. 315,566 shares of the company's stock were exchanged, compared to its average volume of 388,623. The company's fifty day simple moving average is $343.79 and its 200 day simple moving average is $323.21. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. 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 stock has a market capitalization of $17.60 billion, a PE ratio of 17.22, a P/E/G ratio of 2.23 and a beta of 0.99.
Snap-on (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $4.75 earnings per share. As a group, 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 will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.55%. Snap-on's payout ratio is currently 43.90%.
About Snap-on
(
Free Report)
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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