National Bank of Canada FI Purchases 55,223 Shares of Snap-on Incorporated (NYSE:SNA)

National Bank of Canada FI increased its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 251.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,226 shares of the company's stock after purchasing an additional 55,223 shares during the quarter. National Bank of Canada FI owned 0.15% of Snap-on worth $22,373,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aurora Investment Counsel grew its holdings in shares of Snap-on by 0.9% during the 3rd quarter. Aurora Investment Counsel now owns 3,549 shares of the company's stock valued at $1,028,000 after purchasing an additional 30 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Snap-on by 3.1% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,074 shares of the company's stock worth $311,000 after acquiring an additional 32 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Snap-on by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,691 shares of the company's stock valued at $490,000 after purchasing an additional 32 shares in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of Snap-on by 3.1% during the third quarter. Tradition Wealth Management LLC now owns 1,154 shares of the company's stock worth $334,000 after purchasing an additional 35 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Snap-on by 2.5% in the third quarter. Verdence Capital Advisors LLC now owns 1,526 shares of the company's stock valued at $442,000 after buying an additional 37 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNA has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Bank of America lifted their price objective on Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a research report on Friday, October 18th. Barrington Research lifted their price objective 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. Tigress Financial lifted their price target on shares of Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Roth Mkm boosted 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Snap-on has a consensus rating of "Hold" and an average price target of $345.40.

Insiders Place Their Bets

In other news, VP Richard Thomas Miller sold 1,750 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $330.00, for a total transaction of $577,500.00. Following the completion of the sale, the vice president now owns 3,218 shares in the company, valued at $1,061,940. This trade represents a 35.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares in the company, valued at $273,126,134.54. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,814 shares of company stock valued at $15,627,963. Insiders own 4.10% of the company's stock.

Snap-on Stock Up 0.1 %

NYSE SNA traded up $0.18 on Tuesday, reaching $354.78. The company had a trading volume of 394,998 shares, compared to its average volume of 313,495. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $18.63 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.37 and a beta of 0.98. The company's fifty day moving average is $335.38 and its 200 day moving average is $295.01. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89.

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 the consensus estimate of $4.58 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. Sell-side analysts anticipate that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

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

Snap-on Company 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.