Bailard Inc. lifted its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,771 shares of the company's stock after buying an additional 841 shares during the period. Bailard Inc.'s holdings in Snap-on were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in SNA. UMB Bank n.a. raised its holdings in Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after acquiring an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Snap-on during the fourth quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of Snap-on during the third quarter valued at approximately $39,000. Asset Planning Inc purchased a new stake in Snap-on in the fourth quarter worth approximately $68,000. Finally, Private Trust Co. NA boosted its stake in shares of Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company's stock worth $63,000 after acquiring an additional 60 shares during the last quarter. 84.88% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction that occurred on Monday, February 10th. The shares were 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,003 shares of company stock valued at $14,636,064. Insiders own 4.10% of the company's stock.
Snap-on Stock Down 0.7 %
SNA stock traded down $2.29 during mid-day trading on Thursday, hitting $331.54. 83,602 shares of the company were exchanged, compared to its average volume of 378,798. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.89. The firm has a fifty day simple moving average of $342.48 and a 200 day simple moving average of $327.12. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17.37 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.
Snap-on (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the prior year, the company posted $4.75 EPS. On average, research analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.
Snap-on Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, February 24th. Snap-on's payout ratio is 43.90%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Tigress Financial lifted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday. Barrington Research reiterated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $346.40.
Get Our Latest Stock Analysis on Snap-on
About Snap-on
(
Free Report)
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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