725 Shares in Snap-on Incorporated (NYSE:SNA) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Snap-on Incorporated (NYSE:SNA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 725 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently bought and sold shares of SNA. DnB Asset Management AS increased its stake in Snap-on by 11.4% in the third quarter. DnB Asset Management AS now owns 13,292 shares of the company’s stock valued at $3,390,000 after purchasing an additional 1,355 shares during the last quarter. SG Americas Securities LLC increased its position in Snap-on by 25.8% during the third quarter. SG Americas Securities LLC now owns 4,441 shares of the company’s stock worth $1,133,000 after buying an additional 910 shares during the period. 1900 Wealth Management LLC acquired a new stake in shares of Snap-on in the third quarter valued at approximately $904,000. Park Place Capital Corp grew its position in shares of Snap-on by 8.4% during the third quarter. Park Place Capital Corp now owns 3,292 shares of the company’s stock worth $840,000 after acquiring an additional 254 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Snap-on by 0.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 26,178 shares of the company’s stock valued at $6,640,000 after acquiring an additional 100 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNA. Barrington Research reiterated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Robert W. Baird lowered their target price on Snap-on from $295.00 to $282.00 and set a “neutral” rating on the stock in a research note on Friday. Tigress Financial restated a “buy” rating and set a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. Finally, Roth Mkm reiterated a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $316.75.

Snap-on Stock Performance

NYSE SNA opened at $268.56 on Tuesday. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.92 and a beta of 0.99. The business’s 50 day moving average is $283.80 and its two-hundred day moving average is $278.68. Snap-on Incorporated has a 12-month low of $247.68 and a 12-month high of $298.49. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 earnings per share. Research analysts expect that Snap-on Incorporated will post 19.24 EPS for the current year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.77%. Snap-on’s dividend payout ratio is presently 39.03%.

Insider Activity

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares in the company, valued at $25,213,456.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the sale, the chief financial officer now directly owns 93,183 shares in the company, valued at $25,213,456.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the sale, the vice president now directly owns 3,213 shares in the company, valued at approximately $957,988.08. The disclosure for this sale can be found here. Insiders sold 47,368 shares of company stock worth $13,399,449 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

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.