Dimensional Fund Advisors LP Has $314.90 Million Position in Snap-on Incorporated (NYSE:SNA)

Dimensional Fund Advisors LP boosted its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 927,564 shares of the company's stock after acquiring an additional 50,187 shares during the quarter. Dimensional Fund Advisors LP owned 1.77% of Snap-on worth $314,896,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after purchasing an additional 31 shares during the period. SBI Securities Co. Ltd. acquired a new position in Snap-on during the 4th quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on during the 4th quarter worth about $28,000. CoreFirst Bank & Trust acquired a new stake in shares of Snap-on in the 4th quarter worth approximately $40,000. Finally, TCTC Holdings LLC boosted its holdings in shares of Snap-on by 41.3% in the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company's stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNA. Tigress Financial upped their target price on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Robert W. Baird cut their price objective on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a report on Monday, April 21st. StockNews.com lowered Snap-on from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a report on Monday, March 31st. Finally, Barrington Research restated an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $350.83.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction 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 sale, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 in the last three months. 3.90% of the stock is currently owned by company insiders.

Snap-on Trading Down 0.7 %

Shares of NYSE SNA traded down $2.10 during mid-day trading on Friday, hitting $308.64. 262,956 shares of the company traded hands, compared to its average volume of 357,221. The business has a 50 day moving average of $328.13 and a two-hundred day moving average of $338.23. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a 1 year low of $252.98 and a 1 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.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. 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 company posted $4.91 earnings per share. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is 44.82%.

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.