Sava Infond d.o.o. Takes $302,000 Position in Snap-on Incorporated (NYSE:SNA)

Sava Infond d.o.o. bought a new stake in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 890 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Snap-on by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,375 shares of the company’s stock worth $28,020,000 after buying an additional 3,863 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Snap-on by 25.2% during the fourth quarter. Korea Investment CORP now owns 48,692 shares of the company’s stock worth $16,530,000 after purchasing an additional 9,794 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Snap-on during the fourth quarter valued at $543,000. UNIVEST FINANCIAL Corp boosted its holdings in Snap-on by 1.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 3,834 shares of the company’s stock valued at $1,302,000 after purchasing an additional 49 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in Snap-on by 52.9% during the 4th quarter. Zions Bancorporation N.A. now owns 1,784 shares of the company’s stock worth $606,000 after purchasing an additional 617 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Price Performance

NYSE:SNA opened at $335.40 on Friday. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The stock’s 50-day moving average price is $340.50 and its 200-day moving average price is $332.75. The stock has a market capitalization of $17.58 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period last year, the company earned $4.75 EPS. As a group, equities analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s payout ratio is presently 43.90%.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares in the company, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares of the company’s stock, valued at $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,011 shares of company stock worth $12,116,859. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SNA shares. Tigress Financial boosted their price objective on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $346.40.

Snap-on Profile

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.