Snap-On Incorporated $SNA Stake Raised by CW Advisors LLC

CW Advisors LLC grew its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 141.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,223 shares of the company’s stock after purchasing an additional 9,493 shares during the period. CW Advisors LLC’s holdings in Snap-On were worth $5,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNA. Blair William & Co. IL grew its position in Snap-On by 1.8% in the first quarter. Blair William & Co. IL now owns 7,834 shares of the company’s stock worth $2,640,000 after buying an additional 141 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Snap-On during the first quarter worth $413,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Snap-On by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,921,584 shares of the company’s stock valued at $647,593,000 after purchasing an additional 115,306 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Snap-On in the 1st quarter valued at $239,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Snap-On by 11.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 93,309 shares of the company’s stock worth $31,446,000 after purchasing an additional 9,934 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.

Snap-On Stock Performance

Shares of SNA opened at $346.84 on Friday. The company has a market capitalization of $18.04 billion, a PE ratio of 18.19, a PEG ratio of 2.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.37 and a current ratio of 4.40. The company’s 50 day moving average price is $339.65 and its 200 day moving average price is $328.96. Snap-On Incorporated has a 52 week low of $289.81 and a 52 week high of $365.78.

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

Snap-On Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be paid a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a yield of 2.8%. This is an increase from Snap-On’s previous quarterly dividend of $2.14. The ex-dividend date is Friday, November 21st. Snap-On’s dividend payout ratio is presently 51.18%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-On in a research report on Wednesday, October 15th. Roth Capital reissued a “buy” rating and set a $385.00 target price on shares of Snap-On in a research note on Friday, October 17th. Finally, Robert W. Baird raised their target price on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $365.00.

Insider Transactions at Snap-On

In related news, CEO Nicholas T. Pinchuk sold 22,607 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $339.15, for a total value of $7,667,164.05. Following the completion of the sale, the chief executive officer owned 826,364 shares of the company’s stock, valued at approximately $280,261,350.60. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jesus Arregui sold 3,831 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $337.28, for a total value of $1,292,119.68. Following the completion of the transaction, the senior vice president owned 2,642 shares in the company, valued at $891,093.76. This represents a 59.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,257 shares of company stock valued at $11,323,424. 3.90% of the stock is currently owned by company insiders.

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.