J.W. Cole Advisors Inc. bought a new position in Snap-on Incorporated (NYSE:SNA – Get Rating) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 30,947 shares of the company's stock, valued at approximately $26,000.
A number of other large investors have also recently made changes to their positions in the business. Verition Fund Management LLC bought a new stake in shares of Snap-on in the 1st quarter worth about $704,000. Neuberger Berman Group LLC boosted its stake in shares of Snap-on by 2.3% during the 1st quarter. Neuberger Berman Group LLC now owns 18,456 shares of the company's stock worth $3,833,000 after purchasing an additional 407 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Snap-on by 1.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 40,551 shares of the company's stock worth $8,332,000 after purchasing an additional 667 shares during the period. Toroso Investments LLC boosted its stake in shares of Snap-on by 10.7% during the 1st quarter. Toroso Investments LLC now owns 4,319 shares of the company's stock worth $887,000 after purchasing an additional 419 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Snap-on by 15.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 33,507 shares of the company's stock worth $6,885,000 after purchasing an additional 4,450 shares during the period. 87.31% of the stock is currently owned by institutional investors.
Get Snap-on alerts:Snap-on Price Performance
Snap-on stock opened at $206.45 on Friday. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.37. Snap-on Incorporated has a 1 year low of $190.08 and a 1 year high of $235.36. The firm has a 50-day moving average of $220.12 and a two-hundred day moving average of $213.76.
Snap-on (NYSE:SNA – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.36. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the company earned $3.76 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Snap-on Incorporated will post 16.14 earnings per share for the current year.Snap-on Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a $1.42 dividend. The ex-dividend date was Thursday, August 18th. This represents a $5.68 annualized dividend and a dividend yield of 2.75%. Snap-on's payout ratio is presently 35.63%.
Analyst Ratings Changes
A number of equities analysts recently commented on SNA shares. MKM Partners started coverage on shares of Snap-on in a research note on Thursday, June 9th. They set a "neutral" rating and a $238.00 price target for the company. UBS Group dropped their price target on shares of Snap-on to $175.00 in a research note on Friday, July 22nd.
Insider Transactions at Snap-on
In other news, CFO Aldo John Pagliari sold 6,607 shares of the company's stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $220.04, for a total value of $1,453,804.28. Following the completion of the sale, the chief financial officer now owns 73,114 shares of the company's stock, valued at approximately $16,088,004.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Aldo John Pagliari sold 6,607 shares of the business's stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $220.04, for a total transaction of $1,453,804.28. Following the completion of the transaction, the chief financial officer now owns 73,114 shares in the company, valued at approximately $16,088,004.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jesus Arregui sold 488 shares of the business's stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $223.31, for a total transaction of $108,975.28. Following the transaction, the senior vice president now owns 2,409 shares of the company's stock, valued at approximately $537,953.79. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company's stock.
Snap-on Profile
(Get Rating)
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.
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