Mn Services Vermogensbeheer B.V. Decreases Stock Position in Snap-on Incorporated (NYSE:SNA)

Mn Services Vermogensbeheer B.V. lowered its stake in Snap-on Incorporated (NYSE:SNAGet Rating) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,664 shares of the company’s stock after selling 1,800 shares during the period. Mn Services Vermogensbeheer B.V. owned approximately 0.06% of Snap-on worth $5,973,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. J.W. Cole Advisors Inc. purchased a new position in Snap-on during the 1st quarter valued at about $26,000. Parkside Financial Bank & Trust increased its holdings in Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares during the period. NuWave Investment Management LLC purchased a new position in Snap-on during the 3rd quarter valued at about $29,000. Venture Visionary Partners LLC purchased a new position in Snap-on during the 2nd quarter valued at about $30,000. Finally, Washington Trust Advisors Inc. increased its holdings in Snap-on by 752.2% during the 2nd quarter. Washington Trust Advisors Inc. now owns 196 shares of the company’s stock valued at $39,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Wall Street Analyst Weigh In

SNA has been the topic of a number of research analyst reports. Oppenheimer downgraded Snap-on from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 6th. StockNews.com assumed coverage on Snap-on in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Transactions at Snap-on

In other news, CFO Aldo John Pagliari sold 8,090 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $236.77, for a total value of $1,915,469.30. Following the sale, the chief financial officer now directly owns 77,541 shares of the company’s stock, valued at approximately $18,359,382.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Aldo John Pagliari sold 8,090 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $236.77, for a total value of $1,915,469.30. Following the transaction, the chief financial officer now directly owns 77,541 shares of the company’s stock, valued at approximately $18,359,382.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anup R. Banerjee sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $240.86, for a total value of $1,204,300.00. Following the completion of the transaction, the senior vice president now directly owns 3,946 shares in the company, valued at $950,433.56. The disclosure for this sale can be found here. Insiders have sold a total of 48,166 shares of company stock valued at $11,337,057 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

Snap-on Stock Up 0.2 %

SNA stock opened at $248.81 on Tuesday. Snap-on Incorporated has a fifty-two week low of $190.08 and a fifty-two week high of $249.77. The business’s 50 day moving average price is $235.18 and its two-hundred day moving average price is $222.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.33 and a current ratio of 3.29. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.09.

Snap-on (NYSE:SNAGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.38. Snap-on had a return on equity of 20.84% and a net margin of 20.17%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $3.57 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts forecast that Snap-on Incorporated will post 16.49 earnings per share for the current fiscal year.

Snap-on Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Monday, November 21st were given a $1.62 dividend. This is a boost from Snap-on’s previous quarterly dividend of $1.42. This represents a $6.48 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, November 18th. Snap-on’s payout ratio is currently 39.25%.

Snap-on 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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