Snap-on Incorporated (NYSE:SNA) Shares Purchased by Norinchukin Bank The

Norinchukin Bank The raised its position in shares of Snap-on Incorporated (NYSE:SNA) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,066 shares of the company’s stock after buying an additional 50 shares during the quarter. Norinchukin Bank The’s holdings in Snap-on were worth $701,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Ossiam boosted its holdings in shares of Snap-on by 931.3% during the fourth quarter. Ossiam now owns 33,392 shares of the company’s stock valued at $11,336,000 after acquiring an additional 30,154 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Snap-on by 130.1% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,891 shares of the company’s stock valued at $1,660,000 after purchasing an additional 2,765 shares during the period. Dimensional Fund Advisors LP grew its position in Snap-on by 5.7% in the 4th 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 last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Snap-on in the fourth quarter valued at approximately $13,232,000. Finally, First Trust Advisors LP boosted its position 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 during the period. 84.88% of the stock is currently owned by institutional investors.

Snap-on Stock Performance

NYSE:SNA opened at $301.41 on Wednesday. The company has a 50-day moving average of $330.06 and a 200-day moving average of $338.13. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $4.91 EPS. Analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 44.82%.

Insider Activity

In other news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. 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 over the last three months. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SNA shares. Longbow Research upgraded Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Monday, March 31st. Robert W. Baird reduced their price objective on shares of Snap-on from $349.00 to $320.00 and set a “neutral” rating for the company in a report on Monday. StockNews.com cut shares of Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Tigress Financial upped their price target on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $350.83.

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.