Andra AP fonden Has $9.05 Million Position in Snap-On Incorporated $SNA

Andra AP fonden cut its stake in Snap-On Incorporated (NYSE:SNA) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,068 shares of the company’s stock after selling 13,532 shares during the quarter. Andra AP fonden owned approximately 0.06% of Snap-On worth $9,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in Snap-On in the 2nd quarter valued at about $434,938,000. Auto Owners Insurance Co grew its position in shares of Snap-On by 35,967.2% in the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company’s stock valued at $361,612,000 after purchasing an additional 1,070,025 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Snap-On by 54.3% during the first quarter. Ameriprise Financial Inc. now owns 681,857 shares of the company’s stock worth $229,793,000 after purchasing an additional 239,908 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Snap-On during the second quarter worth approximately $56,595,000. Finally, Nuveen LLC acquired a new stake in Snap-On during the 1st quarter worth approximately $45,711,000. Institutional investors own 84.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNA. Tigress Financial upped their price objective on Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Roth Capital reissued a “buy” rating and issued a $385.00 target price on shares of Snap-On in a research report on Friday, October 17th. Robert W. Baird upped their price target on shares of Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-On in a research report on Wednesday, October 15th. Finally, Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

Insider Buying and Selling at Snap-On

In other news, CEO Nicholas T. Pinchuk sold 23,042 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the sale, the chief executive officer directly owned 815,219 shares in the company, valued at approximately $261,587,472.72. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 4,731 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $327.38, for a total transaction of $1,548,834.78. Following the completion of the transaction, the chief financial officer owned 111,667 shares of the company’s stock, valued at approximately $36,557,542.46. This trade represents a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,898 shares of company stock valued at $8,983,203 over the last quarter. Company insiders own 3.90% of the company’s stock.

Snap-On Stock Down 0.5%

SNA stock opened at $340.98 on Friday. The business has a 50-day simple moving average of $336.94 and a 200 day simple moving average of $325.62. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $373.89. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20. The company has a market cap of $17.73 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 16th. The company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.12. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.Snap-On’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $4.70 earnings per share. Sell-side analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

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.