Robeco Institutional Asset Management B.V. Has $8.04 Million Stock Holdings in Snap-On Incorporated $SNA

Robeco Institutional Asset Management B.V. grew its holdings in Snap-On Incorporated (NYSE:SNA) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,197 shares of the company’s stock after acquiring an additional 1,462 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Snap-On were worth $8,038,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Tobam bought a new stake in Snap-On in the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of Snap-On in the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Snap-On by 97.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 95 shares of the company’s stock valued at $30,000 after buying an additional 47 shares during the period. SJS Investment Consulting Inc. grew its position in Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Snap-On in the 1st quarter valued at $34,000. 84.88% of the stock is owned by institutional investors.

Snap-On Price Performance

SNA stock opened at $362.29 on Friday. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.54 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. The company has a 50 day simple moving average of $344.77 and a 200 day simple moving average of $334.77. Snap-On Incorporated has a 1 year low of $289.81 and a 1 year high of $366.17.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, October 16th. The company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.12. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $4.70 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were given a $2.44 dividend. This is a boost from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, November 21st. Snap-On’s dividend payout ratio is 51.18%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SNA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Robert W. Baird raised their target price on shares of Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a report on Friday, October 17th. Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a research report on Wednesday, October 15th. Roth Capital reiterated a “buy” rating and set a $385.00 price target on shares of Snap-On in a research report on Friday, October 17th. Finally, Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.00.

Insider Transactions at Snap-On

In related news, SVP Jesus Arregui sold 3,831 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $337.28, for a total value of $1,292,119.68. Following the completion of the transaction, the senior vice president owned 2,642 shares in the company, valued at $891,093.76. This trade represents a 59.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $339.15, for a total transaction of $7,667,164.05. Following the completion of the transaction, the chief executive officer owned 826,364 shares of the company’s stock, valued at approximately $280,261,350.60. This trade represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 40,036 shares of company stock worth $13,710,988. 3.90% of the stock is owned by corporate insiders.

Snap-On 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.