Kera Capital Partners Inc. Makes New $247,000 Investment in Snap-on Incorporated (NYSE:SNA)

Kera Capital Partners Inc. acquired a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 728 shares of the company's stock, valued at approximately $247,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in Snap-on by 0.5% during the 3rd quarter. State Street Corp now owns 2,115,973 shares of the company's stock worth $613,019,000 after purchasing an additional 10,645 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Snap-on by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,792 shares of the company's stock worth $500,848,000 after acquiring an additional 56,266 shares during the last quarter. Geode Capital Management LLC grew its holdings in Snap-on by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,613,459 shares of the company's stock worth $466,199,000 after acquiring an additional 69,590 shares during the last quarter. Nordea Investment Management AB grew its holdings in 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. Finally, Earnest Partners LLC boosted its stake in shares of Snap-on by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 942,743 shares of the company's stock valued at $246,424,000 after purchasing an additional 13,033 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNA has been the topic of several research analyst reports. Tigress Financial increased their target price on shares of Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of Snap-on from $290.00 to $347.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Bank of America raised their price objective on shares of Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research report on Friday, October 18th. Barrington Research raised their target price on shares of Snap-on from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Finally, Roth Mkm lifted their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $345.40.

Insider Activity

In related news, CFO Aldo John Pagliari sold 6,909 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares in the company, valued at $34,994,210.16. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Thomas J. Ward sold 12,737 shares of the company's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $333.21, for a total transaction of $4,244,095.77. Following the completion of the transaction, the senior vice president now owns 55,401 shares in the company, valued at approximately $18,460,167.21. The trade was a 18.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,929 shares of company stock worth $15,645,074. Corporate insiders own 4.10% of the company's stock.

Snap-on Trading Up 0.7 %

NYSE:SNA traded up $2.57 during trading hours on Friday, hitting $348.17. The company had a trading volume of 1,131,704 shares, compared to its average volume of 340,211. The company has a market capitalization of $18.28 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. The stock has a 50-day moving average price of $351.33 and a 200 day moving average price of $310.75. Snap-on Incorporated has a 52 week low of $252.98 and a 52 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.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, October 17th. The company reported $4.70 EPS for the quarter, beating analysts' consensus estimates of $4.58 by $0.12. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. On average, equities research analysts predict that Snap-on Incorporated will post 19.05 EPS for the current fiscal year.

Snap-on Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, November 21st. This is a boost from Snap-on's previous quarterly dividend of $1.86. Snap-on's payout ratio is 44.06%.

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.