F M Investments LLC Raises Holdings in Snap-on Incorporated (NYSE:SNA)

F M Investments LLC lifted its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,847 shares of the company's stock after acquiring an additional 1,122 shares during the quarter. F M Investments LLC's holdings in Snap-on were worth $2,324,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Snap-on by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock worth $2,174,233,000 after buying an additional 19,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Snap-on by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company's stock valued at $613,195,000 after buying an additional 77,486 shares during the period. Geode Capital Management LLC raised its holdings in shares of Snap-on by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock valued at $556,022,000 after buying an additional 27,700 shares during the period. Nordea Investment Management AB grew its position in shares of Snap-on by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company's stock worth $384,813,000 after buying an additional 127,859 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Snap-on by 2.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 759,429 shares of the company's stock worth $257,811,000 after purchasing an additional 15,591 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. Barrington Research restated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Friday, April 11th. Robert W. Baird reduced their target price on Snap-on from $358.00 to $349.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Tigress Financial boosted their price target on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One equities research 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $355.67.

Snap-on Trading Down 0.8 %

NYSE SNA traded down $2.73 during trading on Wednesday, reaching $334.34. 182,135 shares of the stock traded hands, compared to its average volume of 350,678. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week 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 firm has a market cap of $17.53 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The stock's 50-day moving average price is $333.12 and its 200 day moving average price is $337.49.

Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 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 quarter in the previous year, the business earned $4.75 earnings per share. Analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is currently 43.90%.

Insiders Place Their Bets

In other news, CFO Aldo John Pagliari sold 6,860 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 107,096 shares in the company, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares in the company, valued at $86,817.17. This 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 90 days. 3.90% of the stock is currently owned by corporate insiders.

Snap-on 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.