Fifth Third Bancorp Purchases 306 Shares of Snap-on Incorporated (NYSE:SNA)

Fifth Third Bancorp boosted its stake in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,641 shares of the company’s stock after buying an additional 306 shares during the quarter. Fifth Third Bancorp’s holdings in Snap-on were worth $2,292,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Moors & Cabot Inc. acquired a new position in shares of Snap-on in the 3rd quarter valued at about $25,000. MUFG Americas Holdings Corp acquired a new position in shares of Snap-on in the 3rd quarter valued at about $29,000. Concord Wealth Partners acquired a new position in shares of Snap-on in the 4th quarter valued at about $31,000. Northwest Investment Counselors LLC acquired a new position in shares of Snap-on in the 4th quarter valued at about $32,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Snap-on by 51.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 334 shares of the company’s stock valued at $35,000 after purchasing an additional 113 shares during the period. 87.74% of the stock is currently owned by institutional investors.

SNA stock opened at $208.40 on Monday. The stock’s 50 day simple moving average is $209.45 and its 200 day simple moving average is $212.22. Snap-on Incorporated has a fifty-two week low of $197.75 and a fifty-two week high of $259.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 3.11. The company has a market cap of $11.13 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19.

Snap-on (NYSE:SNAGet Rating) last issued its quarterly earnings data on Thursday, February 3rd. The company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.41. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Snap-on had a return on equity of 20.26% and a net margin of 19.30%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. Equities analysts predict that Snap-on Incorporated will post 15.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Wednesday, February 23rd were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, February 22nd. Snap-on’s dividend payout ratio is currently 38.04%.

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Snap-on in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Robert W. Baird upped their price target on Snap-on from $240.00 to $242.00 in a research note on Friday, February 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $256.40.

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

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