Snap-on Incorporated (NYSE:SNA) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in Snap-on Incorporated (NYSE:SNA) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,235 shares of the company’s stock after purchasing an additional 49 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Snap-on were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Snap-on by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company’s stock valued at $325,509,000 after purchasing an additional 26,260 shares during the period. Nordea Investment Management AB raised its position in Snap-on by 52.8% during the fourth quarter. Nordea Investment Management AB now owns 864,565 shares of the company’s stock worth $249,743,000 after acquiring an additional 298,727 shares during the last quarter. Northern Trust Corp raised its position in Snap-on by 4.6% during the third quarter. Northern Trust Corp now owns 834,148 shares of the company’s stock worth $212,758,000 after acquiring an additional 36,556 shares during the last quarter. Earnest Partners LLC raised its position in Snap-on by 5.8% during the third quarter. Earnest Partners LLC now owns 775,131 shares of the company’s stock worth $197,705,000 after acquiring an additional 42,701 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Snap-on by 25.1% during the third quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company’s stock worth $188,355,000 after acquiring an additional 147,997 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Stock Performance

NYSE:SNA opened at $270.70 on Monday. The firm has a 50 day simple moving average of $284.28 and a 200-day simple moving average of $278.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The firm has a market cap of $14.27 billion, a PE ratio of 14.20, a P/E/G ratio of 1.87 and a beta of 0.99. Snap-on Incorporated has a 1-year low of $247.68 and a 1-year high of $298.49.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The business had revenue of $1.18 billion during 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%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.60 earnings per share. On average, equities analysts expect that Snap-on Incorporated will post 19.02 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a yield of 2.75%. Snap-on’s payout ratio is 39.03%.

Insider Activity at Snap-on

In related news, SVP Jesus Arregui sold 2,562 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 8,663 shares in the company, valued at $2,333,379.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Jesus Arregui sold 2,562 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 8,663 shares in the company, valued at $2,333,379.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the business’s 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 of the company’s stock, valued at $957,988.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,930 shares of company stock worth $14,089,523. 4.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and set a $324.00 target price on shares of Snap-on in a research report on Thursday, April 18th. Barrington Research restated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research report on Monday, April 15th. Robert W. Baird cut 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 report on Friday, April 19th. Finally, Tigress Financial restated a “buy” rating and set a $336.00 target price on shares of Snap-on in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Snap-on presently has a consensus rating of “Moderate Buy” and an average price target of $316.75.

About Snap-on

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.