Chevy Chase Trust Holdings LLC Has $19.03 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Chevy Chase Trust Holdings LLC decreased its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,066 shares of the company's stock after selling 1,096 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.11% of Snap-on worth $19,033,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SNA. Benjamin Edwards Inc. increased its holdings in shares of Snap-on by 2,691.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company's stock worth $45,810,000 after acquiring an additional 152,428 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Snap-on by 34,381.0% during the 3rd quarter. International Assets Investment Management LLC now owns 130,338 shares of the company's stock worth $37,760,000 after acquiring an additional 129,960 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Snap-on by 12.8% during the 4th quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company's stock worth $384,813,000 after acquiring an additional 127,859 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Snap-on by 45.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 257,450 shares of the company's stock worth $74,586,000 after acquiring an additional 80,421 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Snap-on by 9.4% during the 3rd quarter. Pacer Advisors Inc. now owns 907,655 shares of the company's stock worth $262,957,000 after acquiring an additional 78,184 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Snap-on Price Performance

Snap-on stock traded down $0.94 during trading hours on Wednesday, reaching $341.91. 459,014 shares of the stock were exchanged, compared to its average volume of 394,822. The stock has a 50 day moving average of $345.04 and a two-hundred day moving average of $322.05. The company has a market cap of $17.91 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89.

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

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.50%. Snap-on's payout ratio is presently 43.90%.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 6,909 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now owns 100,668 shares of the company's stock, valued at $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. This represents a 60.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,643 shares of company stock worth $13,580,191. Corporate insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Roth Mkm boosted their price target on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Barrington Research reissued an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Finally, Tigress Financial raised their price target on shares of Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $345.40.

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.