Snap-On Incorporated $SNA Shares Acquired by National Pension Service

National Pension Service increased its holdings in Snap-On Incorporated (NYSE:SNA) by 30.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,557 shares of the company’s stock after purchasing an additional 7,175 shares during the quarter. National Pension Service’s holdings in Snap-On were worth $10,589,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNA. Tobam purchased a new stake in shares of Snap-On in the second quarter valued at about $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Snap-On during the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in Snap-On by 97.9% in the 2nd 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 in the last quarter. SJS Investment Consulting Inc. lifted its stake in Snap-On by 1,880.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Snap-On during the 3rd quarter valued at $36,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SNA shares. Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, January 21st. Tigress Financial raised their price target on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Barrington Research reiterated an “outperform” rating and set a $350.00 price target on shares of Snap-On in a report on Wednesday, October 15th. Finally, Robert W. Baird set a $370.00 price objective on shares of Snap-On in a research note on Friday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Snap-On presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.83.

Insider Activity at Snap-On

In related news, VP Richard Thomas Miller sold 2,000 shares of Snap-On stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $348.27, for a total value of $696,540.00. Following the transaction, the vice president owned 4,158 shares in the company, valued at approximately $1,448,106.66. This trade represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jesus Arregui sold 3,831 shares of the business’s stock in a transaction dated 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 sale, the senior vice president directly owned 2,642 shares of the company’s stock, valued at approximately $891,093.76. This trade represents a 59.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,036 shares of company stock worth $13,710,988 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Snap-On Stock Up 1.5%

SNA opened at $371.48 on Tuesday. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $375.27. The business has a 50-day moving average of $354.15 and a two-hundred day moving average of $340.58. 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 stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81.

Snap-On Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were paid a dividend of $2.44 per share. This is an increase from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, November 21st. Snap-On’s payout ratio is 51.18%.

About Snap-On

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.