Snap-On Incorporated $SNA Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its stake in Snap-On Incorporated (NYSE:SNA) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,283 shares of the company’s stock after purchasing an additional 4,932 shares during the quarter. Bahl & Gaynor Inc. owned 0.73% of Snap-On worth $132,126,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Snap-On by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,495,475 shares of the company’s stock valued at $2,021,262,000 after buying an additional 80,422 shares during the last quarter. State Street Corp lifted its stake in shares of Snap-On by 0.6% in the 2nd quarter. State Street Corp now owns 2,207,840 shares of the company’s stock worth $687,036,000 after acquiring an additional 12,184 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Snap-On by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,958,005 shares of the company’s stock valued at $609,292,000 after acquiring an additional 36,421 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Snap-On by 40.7% during the second quarter. First Trust Advisors LP now owns 1,892,708 shares of the company’s stock worth $588,973,000 after acquiring an additional 547,527 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Snap-On by 3.0% during the third quarter. Nordea Investment Management AB now owns 1,258,712 shares of the company’s stock worth $433,601,000 after purchasing an additional 36,964 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-On

In other Snap-On news, SVP Timothy L. Chambers sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total transaction of $3,081,040.00. Following the completion of the transaction, the senior vice president owned 19,480 shares of the company’s stock, valued at approximately $7,502,332.40. This trade represents a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP June C. Lemerand sold 1,378 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $387.57, for a total value of $534,071.46. Following the completion of the transaction, the vice president directly owned 2,913 shares of the company’s stock, valued at approximately $1,128,991.41. This trade represents a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 75,855 shares of company stock worth $27,629,827. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, January 21st. Tigress Financial lifted their price target on Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird set a $375.00 price objective on Snap-On in a report on Friday, February 6th. Roth Mkm reissued a “buy” rating and issued a $409.00 target price (up from $385.00) on shares of Snap-On in a report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $377.33.

Snap-On Trading Down 0.4%

Shares of SNA stock opened at $384.95 on Monday. The stock has a market cap of $19.98 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.66 and a beta of 0.78. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $390.13. The business has a fifty day simple moving average of $367.79 and a 200-day simple moving average of $348.00.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 5th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $4.82 EPS. On average, analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

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

About Snap-On

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.