Los Angeles Capital Management LLC Has $5.70 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Los Angeles Capital Management LLC grew its stake in shares of Snap-on Incorporated (NYSE:SNA) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,722 shares of the company’s stock after buying an additional 3,578 shares during the period. Los Angeles Capital Management LLC’s holdings in Snap-on were worth $5,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in Snap-on during the fourth quarter worth about $33,000. Peoples Bank KS acquired a new position in shares of Snap-on in the 3rd quarter valued at approximately $40,000. Exchange Traded Concepts LLC bought a new stake in Snap-on during the 4th quarter worth approximately $43,000. Itau Unibanco Holding S.A. acquired a new stake in Snap-on during the 3rd quarter worth approximately $49,000. Finally, Orion Capital Management LLC acquired a new stake in Snap-on during the 3rd quarter worth approximately $49,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-on Stock Performance

SNA opened at $271.03 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. The business’s 50-day simple moving average is $284.25 and its 200 day simple moving average is $279.49. The firm has a market capitalization of $14.29 billion, a PE ratio of 14.22, a PEG ratio of 1.87 and a beta of 1.00. Snap-on Incorporated has a 52-week low of $247.68 and a 52-week high of $298.49.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $4.60 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Snap-on Incorporated will post 19.02 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a $1.86 dividend. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.75%. Snap-on’s payout ratio is 39.03%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Roth Mkm restated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Barrington Research reiterated an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a report on Monday, April 15th. Finally, Robert W. Baird cut 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, April 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Snap-on currently has an average rating of “Moderate Buy” and an average price target of $316.75.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 93,183 shares of the company’s stock, valued at $25,213,456.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Jesus Arregui sold 2,562 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $269.35, for a total value of $690,074.70. Following the transaction, the senior vice president now directly owns 8,663 shares of the company’s stock, valued at $2,333,379.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction dated 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 owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,930 shares of company stock worth $14,089,523. Insiders own 4.10% of the company’s stock.

Snap-on Company 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.