Snap-on Incorporated (NYSE:SNA) Shares Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its holdings in Snap-on Incorporated (NYSE:SNA) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 723,911 shares of the company’s stock after acquiring an additional 89,889 shares during the period. Snap-on accounts for about 1.1% of Mawer Investment Management Ltd.’s holdings, making the stock its 26th biggest position. Mawer Investment Management Ltd.’s holdings in Snap-on were worth $245,753,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Greenleaf Trust lifted its position in Snap-on by 3.1% during the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company’s stock worth $344,000 after buying an additional 30 shares during the period. UMB Bank n.a. lifted its holdings in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares during the period. WCM Investment Management LLC boosted its position in shares of Snap-on by 4.5% in the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company’s stock worth $247,000 after acquiring an additional 31 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Snap-on by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock valued at $2,412,000 after purchasing an additional 31 shares during the period. Finally, Inspire Advisors LLC increased its position in Snap-on by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company’s stock worth $1,148,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Trading Down 1.9 %

Shares of SNA opened at $329.09 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The stock has a market cap of $17.25 billion, a PE ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 0.99. The stock’s 50-day moving average is $340.12 and its two-hundred day moving average is $333.51.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $4.75 earnings per share. Equities analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $2.14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.60%. Snap-on’s dividend payout ratio is currently 43.90%.

Insider Buying and Selling at Snap-on

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

Analyst Upgrades and Downgrades

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

About Snap-on

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.