SG Americas Securities LLC Has $595,000 Stock Holdings in Snap-on Incorporated (NYSE:SNA)

SG Americas Securities LLC decreased its position in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 66.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,954 shares of the company’s stock after selling 5,874 shares during the period. SG Americas Securities LLC’s holdings in Snap-on were worth $595,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SNA. Wellington Management Group LLP boosted its position in Snap-on by 7,194.3% in the first quarter. Wellington Management Group LLP now owns 241,149 shares of the company’s stock valued at $49,551,000 after buying an additional 237,843 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Snap-on by 82.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 315,717 shares of the company’s stock valued at $62,223,000 after buying an additional 142,711 shares in the last quarter. Renaissance Technologies LLC boosted its position in Snap-on by 145.7% in the first quarter. Renaissance Technologies LLC now owns 119,900 shares of the company’s stock valued at $24,637,000 after buying an additional 71,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Snap-on by 6.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,006,724 shares of the company’s stock valued at $206,862,000 after buying an additional 62,813 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Snap-on by 268.2% in the second quarter. M&T Bank Corp now owns 74,792 shares of the company’s stock valued at $8,673,000 after buying an additional 54,480 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 31,576 shares of Snap-on stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $233.79, for a total transaction of $7,382,153.04. Following the completion of the transaction, the chief executive officer now owns 658,765 shares of the company’s stock, valued at $154,012,669.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Iain Boyd sold 3,500 shares of Snap-on stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $238.61, for a total transaction of $835,135.00. Following the completion of the transaction, the vice president now owns 6,244 shares of the company’s stock, valued at $1,489,880.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 31,576 shares of Snap-on stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $233.79, for a total transaction of $7,382,153.04. Following the completion of the sale, the chief executive officer now directly owns 658,765 shares of the company’s stock, valued at $154,012,669.35. The disclosure for this sale can be found here. Insiders sold 48,166 shares of company stock valued at $11,337,057 over the last quarter. Insiders own 4.30% of the company’s stock.

Snap-on Price Performance

SNA stock opened at $238.41 on Monday. The company has a fifty day moving average price of $235.84 and a 200-day moving average price of $223.38. The company has a market capitalization of $12.67 billion, a P/E ratio of 14.44, a PEG ratio of 2.05 and a beta of 1.09. Snap-on Incorporated has a 52-week low of $190.08 and a 52-week high of $250.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.33 and a current ratio of 3.29.

Snap-on (NYSE:SNAGet Rating) last released its quarterly earnings results on Thursday, October 20th. The company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.38. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Snap-on had a net margin of 20.17% and a return on equity of 20.84%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.57 earnings per share. As a group, equities analysts expect that Snap-on Incorporated will post 16.47 EPS for the current year.

Snap-on Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Monday, November 21st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, November 18th. This is an increase from Snap-on’s previous quarterly dividend of $1.42. Snap-on’s dividend payout ratio (DPR) is currently 39.25%.

Analysts Set New Price Targets

SNA has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Snap-on in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Oppenheimer downgraded shares of Snap-on from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 6th.

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.

Further Reading

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNAGet Rating).

Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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