Snap-on Incorporated (NYSE:SNA) Holdings Lifted by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 92.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,080 shares of the company's stock after purchasing an additional 1,000 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Snap-on were worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNA. Greenleaf Trust increased its position in Snap-on by 3.1% during the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company's stock worth $344,000 after buying an additional 30 shares in the last quarter. UMB Bank n.a. lifted its holdings in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Snap-on by 4.5% during the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company's stock worth $247,000 after purchasing an additional 31 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Snap-on by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock worth $2,412,000 after buying an additional 31 shares in the last quarter. Finally, Inspire Advisors LLC raised its position in shares of Snap-on by 1.0% in the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock valued at $1,148,000 after buying an additional 34 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have commented on SNA shares. Tigress Financial lifted their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a research note on Monday, February 10th. 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 research note on Monday, March 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $355.33.

Snap-on Stock Down 3.4 %

Shares of SNA traded down $11.29 during trading on Thursday, reaching $318.60. The company's stock had a trading volume of 58,628 shares, compared to its average volume of 348,105. 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 has a fifty day moving average of $334.56 and a two-hundred day moving average of $336.19. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $4.82 EPS 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 period last year, the business posted $4.75 earnings per share. On average, sell-side analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 2.69%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is 43.90%.

Insider Activity at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now owns 257 shares of the company's stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. 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 ninety days. 3.90% of the stock is owned by 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.