Snap-on Incorporated (NYSE:SNA) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Snap-on Incorporated (NYSE:SNA) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,737 shares of the company’s stock after acquiring an additional 265 shares during the period. Daiwa Securities Group Inc.’s holdings in Snap-on were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Flputnam Investment Management Co. boosted its stake in Snap-on by 18.9% in the fourth quarter. Flputnam Investment Management Co. now owns 11,064 shares of the company’s stock valued at $3,196,000 after acquiring an additional 1,755 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Snap-on during the fourth quarter worth about $204,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Snap-on by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 150,003 shares of the company’s stock worth $43,327,000 after buying an additional 727 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Snap-on during the fourth quarter worth about $924,000. Finally, Simplicity Solutions LLC acquired a new stake in shares of Snap-on during the fourth quarter worth about $254,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNA. Tigress Financial reiterated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Barrington Research reiterated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Roth Mkm reiterated a “buy” rating and set a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Finally, Robert W. Baird decreased their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.75.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the sale, the chief financial officer now directly owns 93,183 shares in the company, valued at $25,213,456.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the sale, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,368 shares of company stock valued at $13,399,449. Corporate insiders own 4.10% of the company’s stock.

Snap-on Trading Up 1.0 %

NYSE SNA opened at $271.30 on Wednesday. Snap-on Incorporated has a 52-week low of $247.68 and a 52-week high of $298.49. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.30 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.85 and a beta of 0.99. The firm has a 50-day moving average price of $283.80 and a 200 day moving average price of $278.68.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $4.60 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Snap-on Incorporated will post 19.06 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.74%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Snap-on Profile

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.