1,988 Shares in Snap-on Incorporated (NYSE:SNA) Purchased by Diversified Trust Co

Diversified Trust Co purchased a new position in shares of Snap-on Incorporated (NYSE:SNAGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,988 shares of the company’s stock, valued at approximately $392,000.

Several other hedge funds have also recently added to or reduced their stakes in SNA. Wellington Management Group LLP lifted its stake in shares of Snap-on by 7,194.3% in the 1st quarter. Wellington Management Group LLP now owns 241,149 shares of the company’s stock valued at $49,551,000 after acquiring an additional 237,843 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Snap-on by 104.0% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 413,215 shares of the company’s stock valued at $88,998,000 after acquiring an additional 210,659 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Snap-on by 14.9% in the 1st quarter. First Trust Advisors LP now owns 1,412,036 shares of the company’s stock valued at $290,145,000 after acquiring an additional 182,700 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Snap-on by 705.4% in the 4th quarter. Millennium Management LLC now owns 157,416 shares of the company’s stock valued at $33,904,000 after acquiring an additional 137,870 shares during the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in shares of Snap-on by 86.3% in the 1st quarter. Miller Howard Investments Inc. NY now owns 296,853 shares of the company’s stock valued at $60,997,000 after acquiring an additional 137,474 shares during the last quarter. Institutional investors own 87.31% of the company’s stock.

Snap-on Trading Down 2.3 %

SNA opened at $210.92 on Friday. Snap-on Incorporated has a one year low of $190.08 and a one year high of $235.36. The business has a 50 day simple moving average of $219.94 and a two-hundred day simple moving average of $213.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.37. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.72 and a beta of 1.11.

Snap-on (NYSE:SNAGet Rating) last posted its earnings results on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a return on equity of 20.51% and a net margin of 19.83%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $3.76 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Snap-on Incorporated will post 16.14 EPS for the current year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.69%. Snap-on’s dividend payout ratio (DPR) is 35.63%.

Wall Street Analysts Forecast Growth

SNA has been the subject of a number of recent research reports. UBS Group lowered their target price on Snap-on to $175.00 in a research note on Friday, July 22nd. MKM Partners started coverage on Snap-on in a research report on Thursday, June 9th. They set a “neutral” rating and a $238.00 price target for the company.

Insiders Place Their Bets

In other Snap-on news, SVP Jesus Arregui sold 488 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $223.31, for a total transaction of $108,975.28. Following the transaction, the senior vice president now owns 2,409 shares in the company, valued at approximately $537,953.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Aldo John Pagliari sold 6,607 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $220.04, for a total value of $1,453,804.28. Following the sale, the chief financial officer now owns 73,114 shares in the company, valued at approximately $16,088,004.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jesus Arregui sold 488 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $223.31, for a total value of $108,975.28. Following the completion of the sale, the senior vice president now owns 2,409 shares in the company, valued at approximately $537,953.79. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

About Snap-on

(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.

See Also

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

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