Unigestion Holding SA Increases Stake in Snap-on Incorporated (NYSE:SNA)

Unigestion Holding SA boosted its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 3,187.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,873 shares of the company's stock after purchasing an additional 31,873 shares during the quarter. Unigestion Holding SA owned about 0.06% of Snap-on worth $9,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its stake in Snap-on by 234.7% in the 2nd quarter. Mawer Investment Management Ltd. now owns 632,226 shares of the company's stock worth $165,258,000 after acquiring an additional 443,333 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Snap-on by 51.2% during the 2nd quarter. Pacer Advisors Inc. now owns 829,471 shares of the company's stock worth $216,815,000 after acquiring an additional 280,997 shares during the last quarter. Millennium Management LLC grew its position in Snap-on by 1,786.4% in the second quarter. Millennium Management LLC now owns 161,175 shares of the company's stock worth $42,130,000 after acquiring an additional 152,631 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Snap-on by 2,691.2% in the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company's stock valued at $45,810,000 after acquiring an additional 152,428 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Snap-on by 34,381.0% during the third quarter. International Assets Investment Management LLC now owns 130,338 shares of the company's stock valued at $37,760,000 after purchasing an additional 129,960 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Snap-on Stock Up 0.3 %

Shares of SNA stock traded up $1.01 during trading hours on Wednesday, hitting $355.79. 386,232 shares of the company's stock traded hands, compared to its average volume of 313,800. The company has a quick ratio of 3.14, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.37 and a beta of 0.98. The stock's fifty day simple moving average is $336.71 and its two-hundred day simple moving average is $295.60. 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 released its earnings results on Thursday, October 17th. The company reported $4.70 EPS for the quarter, topping the consensus estimate of $4.58 by $0.12. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, analysts expect that Snap-on Incorporated will post 19.05 EPS for the current year.

Snap-on Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, November 21st. This is an increase from Snap-on's previous quarterly dividend of $1.86. Snap-on's payout ratio is 44.06%.

Insider Buying and Selling at Snap-on

In related news, VP Iain Boyd sold 6,044 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $298.99, for a total value of $1,807,095.56. Following the transaction, the vice president now directly owns 10,493 shares of the company's stock, valued at approximately $3,137,302.07. This trade represents a 36.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Thomas Miller sold 1,750 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $330.00, for a total value of $577,500.00. Following the transaction, the vice president now owns 3,218 shares of the company's stock, valued at approximately $1,061,940. This trade represents a 35.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,814 shares of company stock worth $15,627,963. 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.