Snap-on Incorporated (NYSE:SNA) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,473 shares of the company's stock after acquiring an additional 4,263 shares during the period. Kovitz Investment Group Partners LLC owned about 0.05% of Snap-on worth $7,772,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SNA. State Street Corp lifted its holdings in shares of Snap-on by 0.5% in the 3rd quarter. State Street Corp now owns 2,115,973 shares of the company's stock valued at $613,019,000 after purchasing an additional 10,645 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Snap-on by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,728,792 shares of the company's stock worth $500,848,000 after buying an additional 56,266 shares during the period. Earnest Partners LLC lifted its stake in Snap-on by 1.4% in the second quarter. Earnest Partners LLC now owns 942,743 shares of the company's stock valued at $246,424,000 after buying an additional 13,033 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Snap-on by 9.4% in the third quarter. Pacer Advisors Inc. now owns 907,655 shares of the company's stock valued at $262,957,000 after acquiring an additional 78,184 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Snap-on by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 817,536 shares of the company's stock worth $213,686,000 after acquiring an additional 65,485 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Transactions at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now directly owns 2,289 shares in the company, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Ward sold 12,737 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $333.21, for a total value of $4,244,095.77. Following the completion of the sale, the senior vice president now directly owns 55,401 shares in the company, valued at $18,460,167.21. This trade represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,031 shares of company stock valued at $7,898,701 in the last ninety days. 4.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SNA has been the subject of several research reports. Bank of America upped their price target on shares of Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research report on Friday, October 18th. Barrington Research upped their target price on shares of Snap-on from $325.00 to $350.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Robert W. Baird raised their price target on Snap-on from $290.00 to $347.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Roth Mkm upped their price objective on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Tigress Financial increased their price objective on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $345.40.

Snap-on Stock Performance

Shares of Snap-on stock traded down $3.59 on Friday, reaching $357.77. 432,972 shares of the stock were exchanged, compared to its average volume of 348,316. The company has a current ratio of 4.18, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18.79 billion, a PE ratio of 18.41, a PEG ratio of 2.40 and a beta of 0.98. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89. The business has a fifty day moving average price of $334.08 and a two-hundred day moving average price of $294.29.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, October 17th. The company reported $4.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.58 by $0.12. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. As a group, research analysts anticipate that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, November 21st. Snap-on's payout ratio is presently 44.06%.

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.