Aurora Investment Counsel Sells 2,259 Shares of Snap-on Incorporated (NYSE:SNA)

Aurora Investment Counsel lowered its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 63.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,290 shares of the company's stock after selling 2,259 shares during the period. Aurora Investment Counsel's holdings in Snap-on were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SNA. Sigma Planning Corp raised its holdings in shares of Snap-on by 25.3% during the third quarter. Sigma Planning Corp now owns 3,501 shares of the company's stock valued at $1,014,000 after purchasing an additional 706 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Snap-on by 21.5% during the third quarter. Victory Capital Management Inc. now owns 158,777 shares of the company's stock valued at $45,999,000 after purchasing an additional 28,049 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Snap-on by 1.4% during the third quarter. Oppenheimer & Co. Inc. now owns 19,410 shares of the company's stock valued at $5,623,000 after purchasing an additional 272 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of Snap-on by 6.9% during the third quarter. Main Street Financial Solutions LLC now owns 924 shares of the company's stock valued at $268,000 after purchasing an additional 60 shares during the period. Finally, KBC Group NV raised its holdings in shares of Snap-on by 1.8% during the third quarter. KBC Group NV now owns 15,437 shares of the company's stock valued at $4,472,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

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Insiders Place Their Bets

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction dated 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 approximately $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares of the company's stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,220 shares of company stock valued at $6,906,802. Corporate insiders own 4.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNA shares. Barrington Research restated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. Tigress Financial upped their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Snap-on presently has an average rating of "Hold" and an average price target of $346.40.

Snap-on Stock Down 0.1 %

SNA stock traded down $0.27 during trading on Tuesday, reaching $328.97. The stock had a trading volume of 390,997 shares, compared to its average volume of 320,551. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $341.41 and its two-hundred day moving average is $330.42. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 16.87, 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the prior year, the business posted $4.75 earnings per share. Equities research 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 given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's payout ratio is 43.90%.

About Snap-on

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.