Aberdeen Group plc Buys 1,798 Shares of Snap-On Incorporated $SNA

Aberdeen Group plc raised its stake in shares of Snap-On Incorporated (NYSE:SNA) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,499 shares of the company’s stock after buying an additional 1,798 shares during the quarter. Aberdeen Group plc owned about 0.08% of Snap-On worth $13,954,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, SVP Timothy L. Chambers sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $385.13, for a total transaction of $3,081,040.00. Following the completion of the sale, the senior vice president owned 19,480 shares of the company’s stock, valued at $7,502,332.40. This trade represents a 29.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Thomas Miller sold 2,000 shares of Snap-On stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $348.27, for a total transaction of $696,540.00. Following the completion of the sale, the vice president directly owned 4,158 shares of the company’s stock, valued at approximately $1,448,106.66. This trade represents a 32.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,079 shares of company stock valued at $19,482,806 over the last quarter. Company insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Robert W. Baird set a $375.00 target price on shares of Snap-On in a research note on Friday, February 6th. Wall Street Zen lowered shares of Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Roth Mkm restated a “buy” rating and set a $409.00 price objective (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $370.67.

Snap-On Price Performance

Shares of NYSE:SNA opened at $383.49 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.79 and a quick ratio of 3.68. Snap-On Incorporated has a one year low of $289.81 and a one year high of $390.13. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.65 and a beta of 0.81. The firm has a 50 day simple moving average of $363.27 and a 200 day simple moving average of $345.05.

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

Snap-On Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be issued a dividend of $2.44 per share. The ex-dividend date is Tuesday, February 24th. This represents a $9.76 annualized dividend and a yield of 2.5%. Snap-On’s dividend payout ratio (DPR) is presently 50.86%.

Snap-On 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.