Savant Capital LLC Invests $263,000 in Snap-on Incorporated (NYSE:SNA)

Savant Capital LLC acquired a new position in shares of Snap-on Incorporated (NYSE:SNA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 909 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNA. Nordea Investment Management AB grew its position 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 worth $249,743,000 after buying an additional 298,727 shares during the period. Envestnet Asset Management Inc. increased its stake in Snap-on by 25.1% in the third quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company’s stock valued at $188,355,000 after purchasing an additional 147,997 shares in the last quarter. FMR LLC raised its holdings in Snap-on by 229.8% in the third quarter. FMR LLC now owns 154,401 shares of the company’s stock worth $39,381,000 after purchasing an additional 107,582 shares during the period. Qube Research & Technologies Ltd boosted 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 purchasing an additional 101,499 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Snap-on in the 3rd quarter valued at $23,490,000. Institutional investors own 84.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Snap-on Stock Up 1.4 %

SNA stock opened at $274.74 on Tuesday. 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 stock has a market capitalization of $14.48 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.87 and a beta of 1.00. Snap-on Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49. The business has a 50-day moving average of $284.32 and a 200-day moving average of $279.64.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $4.60 EPS. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.02 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 17th. This represents a $7.44 annualized dividend and a yield of 2.71%. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Insider Transactions at Snap-on

In related news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value 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 approximately $957,988.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jesus Arregui sold 2,562 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $269.35, for a total transaction of $690,074.70. Following the sale, the senior vice president now directly owns 8,663 shares in the company, valued at $2,333,379.05. The disclosure for this sale can be found here. Insiders sold a total of 49,930 shares of company stock worth $14,089,523 in the last three months. Insiders own 4.10% of the company’s stock.

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.