KBC Group NV Raises Holdings in Snap-on Incorporated (NYSE:SNA)

KBC Group NV increased its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 177.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,820 shares of the company's stock after buying an additional 27,383 shares during the period. KBC Group NV owned about 0.08% of Snap-on worth $14,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SNA. Millennium Management LLC grew its position in shares of Snap-on by 1,786.4% in the 2nd quarter. Millennium Management LLC now owns 161,175 shares of the company's stock worth $42,130,000 after buying an additional 152,631 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Snap-on by 2,691.2% in the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company's stock valued at $45,810,000 after acquiring an additional 152,428 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Snap-on by 34,381.0% in the third quarter. International Assets Investment Management LLC now owns 130,338 shares of the company's stock worth $37,760,000 after purchasing an additional 129,960 shares during the last quarter. Nordea Investment Management AB increased 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 purchasing an additional 127,859 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted 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 valued at $74,586,000 after purchasing an additional 80,421 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

Snap-on Stock Performance

NYSE:SNA traded down $3.52 during midday trading on Friday, hitting $355.10. The company's stock had a trading volume of 393,872 shares, compared to its average volume of 340,818. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14. The firm has a market cap of $18.65 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.00. The firm's 50 day moving average is $349.97 and its 200-day moving average is $316.64.

Snap-on Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $2.14 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from Snap-on's previous quarterly dividend of $1.86. Snap-on's dividend payout ratio (DPR) is presently 44.06%.

Analysts Set New Price Targets

SNA has been the topic of several recent analyst reports. Roth Mkm upped their target price on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Barrington Research lifted their target price on shares of Snap-on from $325.00 to $350.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Tigress Financial boosted their target price 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. Finally, Bank of America raised their price target on shares of Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $345.40.

Insider Buying and Selling 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 transaction of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares of the company's stock, valued at $34,994,210.16. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the sale, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. This represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,192 shares of company stock valued at $11,400,978. 4.10% of the stock is owned by company 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.