Voya Investment Management LLC Has $6.70 Million Position in Snap-On Incorporated $SNA

Voya Investment Management LLC trimmed its position in shares of Snap-On Incorporated (NYSE:SNA) by 56.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,336 shares of the company’s stock after selling 25,459 shares during the quarter. Voya Investment Management LLC’s holdings in Snap-On were worth $6,701,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SNA. Quantbot Technologies LP acquired a new position in Snap-On in the 1st quarter valued at approximately $255,000. Kestra Advisory Services LLC grew its stake in shares of Snap-On by 1.2% in the first quarter. Kestra Advisory Services LLC now owns 10,909 shares of the company’s stock worth $3,676,000 after purchasing an additional 130 shares during the last quarter. Jump Financial LLC increased its holdings in Snap-On by 367.7% in the first quarter. Jump Financial LLC now owns 5,523 shares of the company’s stock valued at $1,861,000 after purchasing an additional 4,342 shares during the period. Synovus Financial Corp raised its position in Snap-On by 3.1% during the 1st quarter. Synovus Financial Corp now owns 3,977 shares of the company’s stock worth $1,340,000 after purchasing an additional 119 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in Snap-On by 9.5% during the 1st quarter. CreativeOne Wealth LLC now owns 3,364 shares of the company’s stock worth $1,134,000 after buying an additional 291 shares during the period. Institutional investors own 84.88% of the company’s stock.

Snap-On Price Performance

Shares of NYSE SNA opened at $352.91 on Thursday. The firm has a market capitalization of $18.36 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.66 and a beta of 0.78. The firm’s 50-day moving average price is $342.12 and its 200-day moving average price is $331.53. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $365.78.

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

Snap-On Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were issued a $2.44 dividend. The ex-dividend date was Friday, November 21st. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s dividend payout ratio (DPR) is 51.18%.

Insider Buying and Selling at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 22,607 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 826,364 shares in the company, valued at approximately $280,261,350.60. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aldo John Pagliari sold 6,779 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $352.20, for a total transaction of $2,387,563.80. Following the completion of the transaction, the chief financial officer directly owned 111,888 shares in the company, valued at $39,406,953.60. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 40,036 shares of company stock worth $13,710,988. 3.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNA has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Robert W. Baird boosted 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. Roth Capital reaffirmed a “buy” rating and set a $385.00 price target on shares of Snap-On in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, October 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-On in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snap-On currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

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.