Snap-On Incorporated $SNA Stock Holdings Lifted by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Snap-On Incorporated (NYSE:SNA) by 93.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,194 shares of the company’s stock after purchasing an additional 4,936 shares during the period. Candriam S.C.A.’s holdings in Snap-On were worth $3,533,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SNA. BankPlus Trust Department increased its holdings in Snap-On by 5.9% in the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after buying an additional 30 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Snap-On by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock worth $2,546,000 after purchasing an additional 31 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Snap-On by 0.3% during the 3rd quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock valued at $3,880,000 after purchasing an additional 32 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Snap-On by 13.5% in the 2nd quarter. Penserra Capital Management LLC now owns 278 shares of the company’s stock valued at $86,000 after purchasing an additional 33 shares during the last quarter. Finally, PAX Financial Group LLC boosted its holdings in Snap-On by 5.4% in the second quarter. PAX Financial Group LLC now owns 663 shares of the company’s stock worth $206,000 after purchasing an additional 34 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-On Stock Performance

SNA opened at $383.26 on Thursday. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $359.02 and its two-hundred day moving average price is $342.68. The firm has a market capitalization of $19.93 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $388.96.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 5th. The company reported $4.94 EPS for the quarter, topping analysts’ consensus estimates of $4.86 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.82 earnings per share. On average, equities analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Roth Mkm restated a “buy” rating and set a $409.00 target price (up from $385.00) on shares of Snap-On in a report on Tuesday. Robert W. Baird set a $375.00 price objective on Snap-On in a research note on Friday, February 6th. Wall Street Zen lowered Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $370.67.

Insider Buying and Selling

In other news, CFO Aldo John Pagliari sold 6,779 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $352.20, for a total transaction of $2,387,563.80. Following the transaction, the chief financial officer owned 111,888 shares in the company, valued at approximately $39,406,953.60. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jesus Arregui sold 3,831 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $337.28, for a total transaction of $1,292,119.68. Following the transaction, the senior vice president directly owned 2,642 shares of the company’s stock, 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. Over the last ninety days, insiders sold 48,036 shares of company stock worth $16,792,028. 3.90% of the stock is currently owned by corporate insiders.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.