Teacher Retirement System of Texas Buys 14,774 Shares of Snap-on Incorporated (NYSE:SNA)

Teacher Retirement System of Texas increased its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,477 shares of the company's stock after acquiring an additional 14,774 shares during the period. Teacher Retirement System of Texas owned about 0.12% of Snap-on worth $20,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNA. Greenleaf Trust increased its position in Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company's stock valued at $344,000 after acquiring an additional 30 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Snap-on by 70.5% in the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. WCM Investment Management LLC raised its position in Snap-on by 4.5% in the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company's stock worth $247,000 after purchasing an additional 31 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Snap-on by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock worth $2,412,000 after buying an additional 31 shares in the last quarter. Finally, Inspire Advisors LLC boosted its position in Snap-on by 1.0% in the 4th quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock valued at $1,148,000 after buying an additional 34 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of Snap-on stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, 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. 4.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SNA has been the subject of a number of recent research reports. 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. Tigress Financial increased their price target on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Snap-on presently has an average rating of "Hold" and an average target price of $346.40.

Snap-on Trading Up 0.4 %

NYSE:SNA traded up $1.47 during trading hours on Wednesday, hitting $337.39. The stock had a trading volume of 238,249 shares, compared to its average volume of 324,964. Snap-on Incorporated has a one year low of $252.98 and a one 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. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.21 and a beta of 0.99. The business's 50 day moving average is $340.87 and its 200-day moving average is $332.70.

Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $4.82 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 previous year, the company posted $4.75 earnings per share. Sell-side analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.54%. Snap-on's dividend payout ratio is presently 43.90%.

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.