Generali Asset Management SPA SGR Makes New Investment in Snap-on Incorporated (NYSE:SNA)

Generali Asset Management SPA SGR acquired a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,419 shares of the company's stock, valued at approximately $2,858,000.

Several other large investors have also modified their holdings of the stock. Aurora Investment Counsel increased its holdings in shares of Snap-on by 0.9% in the 3rd quarter. Aurora Investment Counsel now owns 3,549 shares of the company's stock valued at $1,028,000 after acquiring an additional 30 shares during the period. Greenleaf Trust increased its stake in Snap-on by 3.1% in the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company's stock valued at $344,000 after purchasing an additional 30 shares during the period. UMB Bank n.a. raised its holdings in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after buying an additional 31 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Snap-on by 4.5% in the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company's stock valued at $247,000 after buying an additional 31 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial upped their price target on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $346.40.

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Insiders Place Their Bets

In other news, CFO Aldo John Pagliari sold 6,860 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jesus Arregui sold 6,451 shares of the 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 completion of the sale, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

Snap-on Stock Performance

Shares of SNA stock traded up $9.57 during trading hours on Monday, reaching $337.54. 411,799 shares of the company's stock were exchanged, compared to its average volume of 325,622. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The company has a market cap of $17.69 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company's 50 day moving average is $340.99 and its two-hundred day moving average is $331.78.

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

Snap-on Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 2.54%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio is currently 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.