Vontobel Holding Ltd. boosted its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 443.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,704 shares of the company's stock after purchasing an additional 8,736 shares during the quarter. Vontobel Holding Ltd.'s holdings in Snap-on were worth $3,634,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new position in Snap-on in the 4th quarter worth approximately $512,000. Vest Financial LLC boosted its stake in Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after purchasing an additional 2,460 shares during the period. Asset Management One Co. Ltd. boosted its stake in Snap-on by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company's stock worth $5,764,000 after purchasing an additional 67 shares during the period. Sanctuary Advisors LLC boosted its stake in Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company's stock worth $13,264,000 after purchasing an additional 1,605 shares during the period. Finally, World Investment Advisors LLC bought a new position in Snap-on in the 3rd quarter worth approximately $19,291,000. 84.88% of the stock is currently owned by institutional investors.
Snap-on Price Performance
Shares of NYSE SNA traded down $3.84 during midday trading on Thursday, reaching $338.50. 263,325 shares of the stock traded hands, compared to its average volume of 390,837. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The stock has a market capitalization of $17.73 billion, a PE ratio of 17.36, a P/E/G ratio of 2.23 and a beta of 0.99. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89. The company's 50 day moving average is $344.52 and its 200 day moving average is $322.65.
Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results 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 last year, the firm posted $4.75 EPS. On average, equities research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.
Snap-on Announces Dividend
The business 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 dividend of $2.14 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.53%. Snap-on's payout ratio is presently 43.90%.
Insider Activity at Snap-on
In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the sale, the chief financial officer now owns 100,668 shares in the company, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction 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 stock in a transaction on 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 completion of the sale, the chief executive officer now owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,643 shares of company stock worth $13,580,191. Company insiders own 4.10% of the company's stock.
Analyst Ratings Changes
SNA has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial increased their target price on Snap-on from $336.00 to $385.00 and gave the company 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 issued a buy rating to the company's stock. According to data from MarketBeat, Snap-on currently has a consensus rating of "Hold" and a consensus price target of $345.40.
Get Our Latest Research Report on SNA
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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