Snap-on Incorporated (NYSE:SNA) Shares Purchased by Cwm LLC

Cwm LLC lifted its stake in shares of Snap-on Incorporated (NYSE:SNA) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,703 shares of the company’s stock after acquiring an additional 982 shares during the period. Cwm LLC’s holdings in Snap-on were worth $1,647,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SNA. Nordea Investment Management AB lifted its holdings in shares of Snap-on by 52.8% during the 4th quarter. Nordea Investment Management AB now owns 864,565 shares of the company’s stock valued at $249,743,000 after acquiring an additional 298,727 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Snap-on by 25.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company’s stock valued at $188,355,000 after buying an additional 147,997 shares during the last quarter. FMR LLC grew its stake in shares of Snap-on by 229.8% during the third quarter. FMR LLC now owns 154,401 shares of the company’s stock valued at $39,381,000 after acquiring an additional 107,582 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Snap-on by 388.0% during the third quarter. Qube Research & Technologies Ltd now owns 127,656 shares of the company’s stock worth $32,560,000 after acquiring an additional 101,499 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Snap-on in the third quarter worth about $23,490,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Snap-on Stock Up 0.2 %

Shares of Snap-on stock opened at $270.70 on Friday. Snap-on Incorporated has a twelve month low of $247.68 and a twelve month high of $298.49. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $284.21 and its 200-day simple moving average is $278.66. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.87 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. Snap-on’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 earnings per share. Equities research analysts forecast that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s dividend payout ratio (DPR) is 39.03%.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Snap-on news, SVP Jesus Arregui sold 2,562 shares of Snap-on stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $269.35, for a total value of $690,074.70. Following the transaction, the senior vice president now owns 8,663 shares in the company, valued at $2,333,379.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction 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 owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The disclosure for this sale can be found here. Insiders have sold a total of 49,930 shares of company stock valued at $14,089,523 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

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.