Tandem Investment Partners LLC Takes Position in Snap-on Incorporated (NYSE:SNA)

Tandem Investment Partners LLC bought a new stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,310 shares of the company's stock, valued at approximately $445,000.

A number of other institutional investors have also recently made changes to their positions in SNA. FMR LLC increased its stake in Snap-on by 16.3% in the 3rd quarter. FMR LLC now owns 57,543 shares of the company's stock worth $16,671,000 after buying an additional 8,073 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Snap-on by 220.7% during the third quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company's stock valued at $787,000 after acquiring an additional 1,869 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Snap-on by 2.6% during the third quarter. Royal London Asset Management Ltd. now owns 23,247 shares of the company's stock worth $6,735,000 after buying an additional 597 shares during the period. State Street Corp lifted its position in Snap-on by 0.5% during the 3rd quarter. State Street Corp now owns 2,115,973 shares of the company's stock worth $613,019,000 after acquiring an additional 10,645 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Snap-on by 3.8% in the third quarter. Two Sigma Advisers LP now owns 58,000 shares of the company's stock valued at $16,803,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

Snap-on Trading Up 4.4 %

Shares of Snap-on stock traded up $14.14 during trading hours on Friday, hitting $336.50. The company's stock had a trading volume of 611,209 shares, compared to its average volume of 350,788. The firm has a fifty day moving average of $333.58 and a 200-day moving average of $336.83. 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. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.21 and a beta of 0.84.

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Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the business earned $4.75 EPS. Research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on SNA. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a report on Monday, March 31st. Barrington Research reissued an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a report on Friday. Finally, Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $355.33.

Insider Buying and Selling

In other news, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction dated 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 represents a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,011 shares of company stock valued at $12,116,859 in the last three months. 3.90% of the stock is owned by corporate 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.