Snap-on Incorporated (NYSE:SNA) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,220 shares of the company's stock after buying an additional 901 shares during the quarter. Wellington Management Group LLP's holdings in Snap-on were worth $5,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in Snap-on by 5.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,686 shares of the company's stock valued at $3,628,000 after acquiring an additional 548 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in shares of Snap-on by 14.2% during the 4th quarter. Mawer Investment Management Ltd. now owns 723,911 shares of the company's stock worth $245,753,000 after buying an additional 89,889 shares during the period. RWA Wealth Partners LLC boosted its holdings in Snap-on by 244.6% in the 4th quarter. RWA Wealth Partners LLC now owns 2,857 shares of the company's stock worth $970,000 after buying an additional 2,028 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Snap-on by 2.4% in the fourth quarter. Schroder Investment Management Group now owns 99,724 shares of the company's stock valued at $33,902,000 after buying an additional 2,325 shares during the last quarter. Finally, Intrust Bank NA increased its stake in shares of Snap-on by 6.4% in the 4th quarter. Intrust Bank NA now owns 3,335 shares of the company's stock worth $1,132,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 84.88% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Tigress Financial upped their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. 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 report on Monday, March 31st. Robert W. Baird cut their price target on shares of Snap-on from $358.00 to $349.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Barrington Research reissued an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Snap-on has a consensus rating of "Moderate Buy" and an average target price of $355.67.

Snap-on Stock Performance

NYSE:SNA traded down $0.45 during mid-day trading on Wednesday, reaching $336.62. The stock had a trading volume of 105,860 shares, compared to its average volume of 350,417. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.21 and a beta of 0.84. The business has a 50 day simple moving average of $333.12 and a 200 day simple moving average of $337.49. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping 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 business posted $4.75 EPS. On average, analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. Snap-on's dividend payout ratio (DPR) is 43.90%.

Insider Transactions at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares in the company, valued at approximately $36,310,898.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,011 shares of company stock valued at $12,116,859 over the last three months. 3.90% of the stock is currently owned by insiders.

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.