Natixis Advisors LLC Has $24.61 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Natixis Advisors LLC increased its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,479 shares of the company's stock after purchasing an additional 6,041 shares during the quarter. Natixis Advisors LLC owned approximately 0.14% of Snap-on worth $24,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in SNA. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 31 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Snap-on in the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Snap-on during the fourth quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in Snap-on during the 3rd quarter valued at $39,000. Finally, Asset Planning Inc bought a new stake in shares of Snap-on in the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Analyst Ratings Changes

SNA has been the topic of a number of analyst reports. Tigress Financial upped their target price on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $346.40.

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Snap-on Stock Down 0.7 %

NYSE SNA traded down $2.28 on Friday, reaching $327.59. The company had a trading volume of 1,763,806 shares, compared to its average volume of 326,608. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company's fifty day moving average is $341.08 and its 200-day moving average is $330.75. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating 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 firm earned $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 Announces Dividend

The business 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. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Monday, February 24th. Snap-on's dividend payout ratio is currently 43.90%.

Insider Activity

In related news, SVP Jesus Arregui sold 6,451 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now owns 257 shares in the company, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred 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 owns 107,096 shares in the company, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

Snap-on Company 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.