Snap-On Incorporated $SNA Holdings Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its position in Snap-On Incorporated (NYSE:SNA) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,904 shares of the company’s stock after selling 3,526 shares during the quarter. Achmea Investment Management B.V. owned about 0.13% of Snap-On worth $23,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC raised its stake in Snap-On by 97.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after acquiring an additional 47 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Snap-On during the third quarter valued at about $36,000. CoreFirst Bank & Trust acquired a new stake in Snap-On in the second quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC bought a new position in Snap-On in the 2nd quarter valued at about $43,000. Institutional investors own 84.88% of the company’s stock.

Snap-On Trading Down 0.6%

Shares of NYSE:SNA opened at $367.37 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.68 and a current ratio of 4.79. The stock’s 50-day moving average is $373.35 and its 200-day moving average is $352.05. The company has a market cap of $19.13 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.55 and a beta of 0.78. Snap-On Incorporated has a 52-week low of $289.81 and a 52-week high of $390.13.

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

Snap-On Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 24th. Snap-On’s dividend payout ratio is currently 50.86%.

Insider Activity at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,229 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $383.36, for a total value of $8,905,069.44. Following the completion of the sale, the chief executive officer directly owned 846,562 shares of the company’s stock, valued at $324,538,008.32. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the completion of the sale, the chief financial officer owned 117,183 shares in the company, valued at $44,769,765.15. This represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 39,650 shares of company stock worth $15,210,959. Insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SNA. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Tigress Financial raised their price objective on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Roth Mkm reissued a “buy” rating and set a $409.00 target price (up from $385.00) on shares of Snap-On in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $375.00 target price on Snap-On in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $377.33.

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.