Sumitomo Mitsui DS Asset Management Company Ltd Has $2.18 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,413 shares of the company's stock after acquiring an additional 1,337 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Snap-on were worth $2,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNA. UMB Bank n.a. boosted its position in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Snap-on in the 4th quarter valued at $28,000. Reston Wealth Management LLC purchased a new position in Snap-on in the 3rd quarter valued at $30,000. Brooklyn Investment Group purchased a new position in Snap-on in the 3rd quarter valued at $39,000. Finally, nVerses Capital LLC acquired a new stake in shares of Snap-on in the 3rd quarter worth $58,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Activity at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of Snap-on 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 owns 2,289 shares of the company's stock, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,643 shares of company stock worth $13,580,191 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Snap-on Trading Down 0.2 %

NYSE SNA traded down $0.61 during trading hours on Friday, hitting $339.12. 330,511 shares of the company's stock were exchanged, compared to its average volume of 394,417. The firm has a market capitalization of $17.81 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.15. The business's 50 day moving average is $345.36 and its 200-day moving average is $321.13. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.89.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $4.82 EPS 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 in the prior year, the company posted $4.75 EPS. As a group, analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be given a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.52%. Snap-on's payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SNA. Bank of America raised their price objective on Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a research report on Friday, October 18th. Tigress Financial lifted their price objective on Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Roth Mkm boosted their target price on Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Robert W. Baird lifted their price target on Snap-on from $290.00 to $347.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $345.40.

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.