O Shaughnessy Asset Management LLC Has $1.05 Million Position in Snap-on Incorporated (NYSE:SNA)

O Shaughnessy Asset Management LLC cut its holdings in shares of Snap-on Incorporated (NYSE:SNAGet Rating) by 23.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,317 shares of the company’s stock after selling 1,629 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Snap-on were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in shares of Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Snap-on during the 2nd quarter worth approximately $30,000. Zullo Investment Group Inc. increased its holdings in shares of Snap-on by 391.7% during the 1st quarter. Zullo Investment Group Inc. now owns 177 shares of the company’s stock worth $36,000 after acquiring an additional 141 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in Snap-on by 752.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 196 shares of the company’s stock valued at $39,000 after buying an additional 173 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Snap-on in the 2nd quarter valued at $40,000. 87.31% of the stock is owned by institutional investors and hedge funds.

Snap-on Stock Performance

Shares of NYSE SNA opened at $241.17 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 2.33. The stock’s fifty day moving average price is $219.09 and its two-hundred day moving average price is $215.85. Snap-on Incorporated has a one year low of $190.08 and a one year high of $242.21. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.11 and a beta of 1.09.

Snap-on (NYSE:SNAGet Rating) last released its earnings results on Thursday, October 20th. The company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.29. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Snap-on had a return on equity of 20.84% and a net margin of 20.17%. Snap-on’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.57 EPS. On average, equities analysts forecast that Snap-on Incorporated will post 16.49 EPS for the current year.

Snap-on Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Monday, November 21st will be issued a dividend of $1.62 per share. This is a positive change from Snap-on’s previous quarterly dividend of $1.42. This represents a $6.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, November 18th. Snap-on’s dividend payout ratio is 39.25%.

Insider Transactions at Snap-on

In other news, VP Iain Boyd sold 3,500 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $238.61, for a total transaction of $835,135.00. Following the sale, the vice president now directly owns 6,244 shares of the company’s stock, valued at approximately $1,489,880.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Iain Boyd sold 3,500 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $238.61, for a total transaction of $835,135.00. Following the sale, the vice president now directly owns 6,244 shares of the company’s stock, valued at approximately $1,489,880.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,607 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $16,088,004.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,683 shares of company stock valued at $9,671,092. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Snap-on in a report on Wednesday, October 12th. They issued a “buy” rating on the 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.

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

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