D.A. Davidson & CO. Lowers Stock Holdings in Snap-on Incorporated (NYSE:SNA)

D.A. Davidson & CO. lowered its stake in Snap-on Incorporated (NYSE:SNAFree Report) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 6,282 shares of the company’s stock after selling 69 shares during the quarter. D.A. Davidson & CO.’s holdings in Snap-on were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in shares of Snap-on by 75.8% in the second quarter. Barclays PLC now owns 107,011 shares of the company’s stock valued at $30,839,000 after acquiring an additional 46,146 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in Snap-on by 105.3% in the second quarter. Beverly Hills Private Wealth LLC now owns 4,742 shares of the company’s stock valued at $1,291,000 after purchasing an additional 2,432 shares during the last quarter. Cibc World Markets Corp increased its stake in Snap-on by 131.3% in the second quarter. Cibc World Markets Corp now owns 6,212 shares of the company’s stock valued at $1,790,000 after purchasing an additional 3,526 shares during the last quarter. Choate Investment Advisors acquired a new position in Snap-on in the second quarter valued at $218,000. Finally, Dividend Assets Capital LLC increased its stake in Snap-on by 3.5% in the second quarter. Dividend Assets Capital LLC now owns 11,110 shares of the company’s stock valued at $3,202,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 83.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research note on Thursday. Roth Mkm reiterated a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $306.00.

View Our Latest Report on SNA

Insider Transactions at Snap-on

In other news, VP June C. Lemerand sold 3,600 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $273.38, for a total value of $984,168.00. Following the completion of the sale, the vice president now owns 1,944 shares of the company’s stock, valued at $531,450.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP June C. Lemerand sold 3,600 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $273.38, for a total value of $984,168.00. Following the completion of the transaction, the vice president now owns 1,944 shares of the company’s stock, valued at $531,450.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Ward sold 1,435 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $289.91, for a total value of $416,020.85. Following the completion of the transaction, the senior vice president now directly owns 48,684 shares of the company’s stock, valued at approximately $14,113,978.44. The disclosure for this sale can be found here. Insiders sold 75,998 shares of company stock valued at $21,666,210 over the last quarter. Company insiders own 4.20% of the company’s stock.

Snap-on Price Performance

Shares of NYSE SNA opened at $262.43 on Friday. Snap-on Incorporated has a 1-year low of $226.68 and a 1-year high of $297.26. The business has a 50-day moving average of $285.43 and a 200-day moving average of $271.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.62. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.68 and a beta of 1.00.

Snap-on (NYSE:SNAGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $4.42 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Snap-on Incorporated will post 19.27 EPS for the current fiscal year.

Snap-on Company Profile

(Free Report)

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

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

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