XTX Topco Ltd Has $258,000 Position in Snap-on Incorporated (NYSE:SNA)

XTX Topco Ltd decreased its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 78.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 889 shares of the company's stock after selling 3,229 shares during the quarter. XTX Topco Ltd's holdings in Snap-on were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SNA. Reston Wealth Management LLC purchased a new stake in shares of Snap-on during the third quarter valued at approximately $30,000. Innealta Capital LLC acquired a new stake in Snap-on during the 2nd quarter valued at $32,000. Massmutual Trust Co. FSB ADV increased its stake in Snap-on by 53.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company's stock worth $37,000 after buying an additional 44 shares during the period. Brooklyn Investment Group acquired a new position in Snap-on in the 3rd quarter worth $39,000. Finally, Quarry LP boosted its position in Snap-on by 244.7% in the 2nd quarter. Quarry LP now owns 162 shares of the company's stock valued at $42,000 after buying an additional 115 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-on Price Performance

Shares of NYSE SNA traded down $0.60 during trading on Thursday, hitting $337.67. The company had a trading volume of 371,050 shares, compared to its average volume of 314,540. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The business's 50-day moving average is $344.32 and its 200 day moving average is $298.84. The company has a market cap of $17.73 billion, a P/E ratio of 17.38, a PEG ratio of 2.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18.

Snap-on (NYSE:SNA - Get Free Report) last announced 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. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. Equities research analysts predict that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a $2.14 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $8.56 dividend on an annualized basis and a yield of 2.54%. This is an increase from Snap-on's previous quarterly dividend of $1.86. Snap-on's payout ratio is 44.06%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares of the company's stock, valued at $273,126,134.54. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Iain Boyd sold 6,044 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total value of $1,807,095.56. Following the transaction, the vice president now owns 10,493 shares in the company, valued at approximately $3,137,302.07. This trade represents a 36.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,723 shares of company stock valued at $18,029,670 in the last three months. Insiders own 4.10% of the company's stock.

About Snap-on

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.