Snap-on Incorporated (NYSE:SNA) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNAFree Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,073 shares of the company’s stock after selling 464 shares during the period. IFM Investors Pty Ltd’s holdings in Snap-on were worth $2,909,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MetLife Investment Management LLC grew its holdings in Snap-on by 22.4% during the first quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock worth $2,985,000 after acquiring an additional 2,657 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Snap-on by 6.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock worth $1,469,000 after acquiring an additional 407 shares during the period. Sei Investments Co. grew its holdings in Snap-on by 11.3% during the first quarter. Sei Investments Co. now owns 125,365 shares of the company’s stock worth $25,727,000 after acquiring an additional 12,720 shares during the period. Aviva PLC boosted its position in shares of Snap-on by 12.3% in the 1st quarter. Aviva PLC now owns 33,102 shares of the company’s stock valued at $6,802,000 after purchasing an additional 3,636 shares during the period. Finally, Prudential PLC acquired a new position in shares of Snap-on in the 1st quarter valued at $302,000. 83.90% of the stock is owned by institutional investors and hedge funds.

Snap-on Trading Down 0.5 %

Shares of NYSE SNA opened at $291.63 on Friday. Snap-on Incorporated has a one year low of $226.68 and a one year high of $297.61. The firm has a market capitalization of $15.41 billion, a PE ratio of 15.55, a PEG ratio of 2.09 and a beta of 0.98. The company has a current ratio of 3.88, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $282.82 and a two-hundred day moving average price of $274.10.

Snap-on (NYSE:SNAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted $4.42 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts predict that Snap-on Incorporated will post 19.21 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 annualized dividend and a dividend yield of 2.55%. Snap-on’s dividend payout ratio is 39.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNA. Barrington Research reiterated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research report on Thursday, February 8th. Tigress Financial reiterated a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $306.00.

View Our Latest Stock Report on Snap-on

Insider Activity

In other news, CFO Aldo John Pagliari sold 3,231 shares of Snap-on stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the sale, the chief financial officer now directly owns 93,183 shares in the company, valued at approximately $25,213,456.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anup R. Banerjee sold 12,397 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $283.13, for a total value of $3,509,962.61. Following the completion of the transaction, the senior vice president now directly owns 11,420 shares in the company, valued at $3,233,344.60. The disclosure for this sale can be found here. Insiders sold a total of 48,099 shares of company stock worth $13,605,565 in the last three months. 4.20% of the stock is owned by insiders.

About Snap-on

(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.

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

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