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

IFM Investors Pty Ltd decreased its position in Snap-on Incorporated (NYSE:SNAFree Report) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,073 shares of the company’s stock after selling 464 shares during the quarter. IFM Investors Pty Ltd’s holdings in Snap-on were worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its holdings in Snap-on by 96.3% in the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock valued at $26,000 after buying an additional 52 shares during the period. BKM Wealth Management LLC purchased a new stake in Snap-on in the 4th quarter valued at about $33,000. Parkside Financial Bank & Trust grew its holdings in Snap-on by 57.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Snap-on in the 4th quarter valued at about $43,000. Finally, Quarry LP grew its holdings in Snap-on by 384.4% in the 2nd quarter. Quarry LP now owns 155 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 83.90% of the company’s stock.

Insider Buying and Selling

In other Snap-on news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 93,183 shares in the company, valued at approximately $25,213,456.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the transaction, the chief executive officer now owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,099 shares of company stock valued at $13,605,565. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on SNA shares. Barrington Research restated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a report on Thursday, February 8th. Tigress Financial reiterated a “buy” rating and set a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $306.00.

Check Out Our Latest Research Report on Snap-on

Snap-on Stock Performance

Snap-on stock opened at $291.63 on Friday. The stock’s 50 day moving average price is $282.82 and its 200 day moving average price is $274.10. The firm has a market capitalization of $15.41 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.81 and a current ratio of 3.88. Snap-on Incorporated has a one year low of $226.68 and a one year high of $297.61.

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

Snap-on Dividend Announcement

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

Snap-on 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.

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

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