Schroder Investment Management Group Buys 2,325 Shares of Snap-on Incorporated (NYSE:SNA)

Schroder Investment Management Group grew its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,724 shares of the company's stock after buying an additional 2,325 shares during the period. Schroder Investment Management Group owned approximately 0.19% of Snap-on worth $33,902,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Snap-on by 0.6% during the third quarter. The Manufacturers Life Insurance Company now owns 43,983 shares of the company's stock worth $12,742,000 after acquiring an additional 273 shares in the last quarter. FMR LLC raised its holdings in shares of Snap-on by 16.3% during the third quarter. FMR LLC now owns 57,543 shares of the company's stock valued at $16,671,000 after purchasing an additional 8,073 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Snap-on by 14.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,329 shares of the company's stock worth $675,000 after purchasing an additional 300 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Snap-on by 3.5% in the 3rd quarter. Captrust Financial Advisors now owns 8,738 shares of the company's stock valued at $2,532,000 after buying an additional 297 shares during the period. Finally, Verition Fund Management LLC increased its position in Snap-on by 1,035.0% in the 3rd quarter. Verition Fund Management LLC now owns 8,694 shares of the company's stock valued at $2,519,000 after buying an additional 7,928 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

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Wall Street Analysts Forecast Growth

SNA has been the subject of a number of research reports. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research note on Monday. Barrington Research reissued an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research report on Monday, February 10th. Finally, Tigress Financial boosted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned 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 $355.33.

Snap-on Stock Down 4.3 %

Shares of SNA stock traded down $14.69 during trading hours on Thursday, reaching $327.51. The company had a trading volume of 571,416 shares, compared to its average volume of 343,307. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. 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 Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The business has a fifty day simple moving average of $338.95 and a 200-day simple moving average of $334.75.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $4.75 EPS. On average, research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Monday, February 24th. Snap-on's payout ratio is 43.90%.

Insider Buying and Selling at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction on 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 transaction, the senior vice president now owns 257 shares of the company's stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company's stock.

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.