Mariner LLC Raises Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Mariner LLC lifted its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,409 shares of the company's stock after acquiring an additional 1,219 shares during the quarter. Mariner LLC owned 0.06% of Snap-on worth $9,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new stake in shares of Snap-on in the fourth quarter worth $512,000. Vest Financial LLC lifted its stake in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after purchasing an additional 2,460 shares during the period. World Investment Advisors LLC purchased a new position in shares of Snap-on in the third quarter worth approximately $19,291,000. Avanza Fonder AB purchased a new stake in Snap-on during the fourth quarter valued at approximately $1,936,000. Finally, Empirical Finance LLC raised its position in Snap-on by 45.8% in the fourth quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock worth $2,005,000 after acquiring an additional 1,856 shares during the period. Institutional investors own 84.88% of the company's stock.

Snap-on Price Performance

SNA stock opened at $305.16 on Friday. The company has a market capitalization of $16.00 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company's fifty day moving average price is $332.29 and its 200-day moving average price is $337.56. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the business earned $4.91 EPS. On average, equities analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio (DPR) is presently 43.90%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Monday, March 31st. Robert W. Baird reduced their target price on shares of Snap-on from $358.00 to $349.00 and set a "neutral" rating for the company in a report on Tuesday. Tigress Financial upped their price target on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $355.67.

Insider Buying and Selling

In other news, CFO Aldo John Pagliari sold 6,860 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 107,096 shares of the company's stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the transaction, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company's stock.

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.

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