Public Employees Retirement Association of Colorado Purchases 2,066 Shares of Snap-on Incorporated (NYSE:SNA)

Public Employees Retirement Association of Colorado grew its position in shares of Snap-on Incorporated (NYSE:SNAFree Report) by 52.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,034 shares of the company’s stock after acquiring an additional 2,066 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Snap-on were worth $1,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal London Asset Management Ltd. raised its holdings in Snap-on by 12.7% in the third quarter. Royal London Asset Management Ltd. now owns 22,537 shares of the company’s stock worth $5,751,000 after purchasing an additional 2,542 shares in the last quarter. Caprock Group LLC purchased a new stake in Snap-on in the fourth quarter worth about $1,203,000. Kingsview Wealth Management LLC increased its stake in shares of Snap-on by 42.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,456 shares of the company’s stock valued at $7,641,000 after purchasing an additional 7,830 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Snap-on by 36.9% during the fourth quarter. Teacher Retirement System of Texas now owns 70,740 shares of the company’s stock valued at $20,433,000 after purchasing an additional 19,061 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Snap-on by 37.2% in the 4th quarter. UBS Group AG now owns 138,803 shares of the company’s stock worth $40,092,000 after purchasing an additional 37,667 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on SNA

Insider Activity

In related news, VP Richard Thomas Miller sold 704 shares of the firm’s stock in a transaction 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 transaction, 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 SEC, which is available through the SEC website. In other Snap-on news, VP Richard Thomas Miller sold 704 shares of Snap-on 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 transaction, the vice president now owns 3,213 shares of the company’s stock, valued at $957,988.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of Snap-on stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the transaction, the chief executive officer now owns 742,383 shares in the company, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Insiders sold a total of 62,850 shares of company stock valued at $17,323,118 in the last 90 days. Company insiders own 4.10% of the company’s stock.

Snap-on Price Performance

NYSE SNA opened at $268.19 on Monday. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49. The business’s fifty day moving average price is $277.03 and its 200-day moving average price is $281.16.

Snap-on (NYSE:SNAGet Free Report) last announced its earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $4.60 earnings per share. On average, equities analysts predict that Snap-on Incorporated will post 19.01 earnings per share for the current year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, May 17th. Snap-on’s dividend payout ratio is presently 39.03%.

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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