Snap-on Incorporated (NYSE:SNA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,917 shares of the company's stock after selling 2,226 shares during the period. Rhumbline Advisers owned approximately 0.21% of Snap-on worth $37,654,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Aurora Investment Counsel raised its stake 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 raised its position 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 position in 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 purchasing an additional 31 shares during the period. WCM Investment Management LLC lifted its stake in Snap-on by 4.5% during the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company's stock worth $247,000 after purchasing an additional 31 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of Snap-on by 3.1% during the third quarter. Lake Street Advisors Group LLC now owns 1,074 shares of the company's stock worth $311,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Snap-on Stock Down 0.8 %

Shares of SNA traded down $2.63 during midday trading on Friday, reaching $335.87. The stock had a trading volume of 315,566 shares, compared to its average volume of 388,623. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.23 and a beta of 0.99. The company's fifty day simple moving average is $344.18 and its two-hundred day simple moving average is $322.76. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. 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 (NYSE:SNA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share 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 previous year, the firm earned $4.75 EPS. Equities research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on's dividend payout ratio (DPR) is 43.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SNA shares. Barrington Research reiterated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday, February 10th. Tigress Financial boosted their price target 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. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $345.40.

Insider Buying and Selling at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now 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. Insiders have sold 45,503 shares of company stock worth $15,906,074 over the last three months. Insiders own 4.10% of the company's stock.

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.