Seizert Capital Partners LLC Sells 303 Shares of Snap-On Incorporated (NYSE:SNA)

Seizert Capital Partners LLC cut its position in Snap-On Incorporated (NYSE:SNA) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,366 shares of the company’s stock after selling 303 shares during the period. Seizert Capital Partners LLC’s holdings in Snap-On were worth $4,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Snap-On by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock worth $617,651,000 after buying an additional 411,317 shares in the last quarter. Geode Capital Management LLC raised its stake in Snap-On by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company’s stock worth $556,022,000 after purchasing an additional 27,700 shares in the last quarter. Auto Owners Insurance Co boosted its holdings in Snap-On by 35,967.2% in the 1st quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company’s stock valued at $361,612,000 after purchasing an additional 1,070,025 shares during the period. Earnest Partners LLC grew its position in shares of Snap-On by 1.9% during the 4th quarter. Earnest Partners LLC now owns 963,866 shares of the company’s stock worth $327,213,000 after purchasing an additional 18,209 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Snap-On by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 927,564 shares of the company’s stock worth $314,896,000 after purchasing an additional 50,187 shares during the period. 84.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 23,172 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $315.85, for a total transaction of $7,318,876.20. Following the completion of the transaction, the chief executive officer directly owned 804,510 shares in the company, valued at approximately $254,104,483.50. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $319.92, for a total value of $348,712.80. Following the completion of the transaction, the director owned 8,030 shares of the company’s stock, valued at $2,568,957.60. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,815 shares of company stock worth $9,482,532 in the last three months. 3.90% of the stock is owned by corporate insiders.

Snap-On Price Performance

Snap-On stock opened at $325.32 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.42 and a current ratio of 4.48. Snap-On Incorporated has a 52 week low of $266.56 and a 52 week high of $373.89. The stock has a market capitalization of $16.97 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.76. The stock has a fifty day moving average of $319.02 and a 200-day moving average of $327.46.

Snap-On (NYSE:SNA) last issued its earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.61 by $0.11. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.07 earnings per share. On average, sell-side analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Bank of America increased their target price on Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a report on Friday, July 18th. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research note on Tuesday, July 15th. Finally, Robert W. Baird increased their price objective on shares of Snap-On from $329.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.17.

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.