SG Americas Securities LLC Has $1.27 Million Holdings in Snap-on Incorporated (NYSE:SNA)

SG Americas Securities LLC grew its position in Snap-on Incorporated (NYSE:SNA) by 634.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,762 shares of the company’s stock after purchasing an additional 3,250 shares during the period. SG Americas Securities LLC’s holdings in Snap-on were worth $1,268,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Snap-on by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company’s stock worth $2,174,233,000 after purchasing an additional 19,328 shares during the last quarter. First Trust Advisors LP increased its position in Snap-on by 29.2% in the 4th quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock worth $617,651,000 after purchasing an additional 411,317 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Snap-on by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company’s stock worth $613,195,000 after purchasing an additional 77,486 shares during the last quarter. Geode Capital Management LLC increased its position in Snap-on by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company’s stock worth $556,022,000 after purchasing an additional 27,700 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in shares of Snap-on by 1.9% during the 4th quarter. Earnest Partners LLC now owns 963,866 shares of the company’s stock valued at $327,213,000 after acquiring an additional 18,209 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snap-on

In other news, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the completion of the transaction, the director now directly owns 8,030 shares of the company’s stock, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,172 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $315.85, for a total value of $7,318,876.20. Following the completion of the transaction, the chief executive officer now directly owns 804,510 shares of the company’s stock, valued at approximately $254,104,483.50. The trade was a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,515 shares of company stock valued at $17,094,296. Corporate insiders own 3.90% of the company’s stock.

Snap-on Price Performance

Shares of SNA stock opened at $312.11 on Tuesday. The stock has a 50 day moving average of $319.21 and a two-hundred day moving average of $333.40. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The company has a market capitalization of $16.32 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.21 and a beta of 0.78.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business posted $4.91 EPS. As a group, equities analysts expect that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were issued a $2.14 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.74%. Snap-on’s payout ratio is presently 44.82%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Tigress Financial increased their price objective on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Robert W. Baird lowered their price objective on Snap-on from $349.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Barrington Research reissued an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a report on Monday, May 19th. Wall Street Zen raised Snap-on from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Finally, Longbow Research raised Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued 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 $350.83.

Snap-on Company 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.