Cibc World Markets Corp Has $1.96 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Cibc World Markets Corp grew its holdings in Snap-on Incorporated (NYSE:SNAFree Report) by 132.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,792 shares of the company’s stock after purchasing an additional 3,871 shares during the quarter. Cibc World Markets Corp’s holdings in Snap-on were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Checchi Capital Advisers LLC lifted its stake in shares of Snap-on by 2.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,830 shares of the company’s stock valued at $529,000 after purchasing an additional 36 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Snap-on by 17.2% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock valued at $79,000 after purchasing an additional 40 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in shares of Snap-on by 0.5% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 8,664 shares of the company’s stock valued at $2,503,000 after purchasing an additional 47 shares during the period. Contravisory Investment Management Inc. raised its stake in Snap-on by 2.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,973 shares of the company’s stock worth $570,000 after buying an additional 48 shares during the period. Finally, Ballentine Partners LLC raised its stake in Snap-on by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 948 shares of the company’s stock worth $274,000 after buying an additional 48 shares during the period. 84.88% of the stock is owned by institutional investors and hedge funds.

Snap-on Stock Performance

NYSE SNA opened at $268.19 on Monday. 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 company has a fifty day moving average price of $277.03 and a 200-day moving average price of $281.16. Snap-on Incorporated has a 1 year low of $249.84 and a 1 year high of $298.49. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.85 and a beta of 0.99.

Snap-on (NYSE:SNAGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $4.60 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that Snap-on Incorporated will post 19.01 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s payout ratio is 39.03%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research note on Thursday, April 18th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Wednesday, May 22nd. Tigress Financial reaffirmed a “buy” rating and set a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Finally, Robert W. Baird dropped their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.75.

Read Our Latest Stock Report on SNA

Insiders Place Their Bets

In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were 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 directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,220 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total value of $6,461,896.00. Following the transaction, the chief executive officer now directly owns 750,663 shares in the company, valued at $200,276,888.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction dated 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 transaction, 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. In the last ninety days, insiders sold 62,850 shares of company stock valued at $17,323,118. Corporate insiders own 4.10% of the company’s stock.

Snap-on Company Profile

(Free Report)

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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