Ontario Teachers Pension Plan Board boosted its stake in Snap-on Incorporated (NYSE:SNA) by 134.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,268 shares of the company’s stock after buying an additional 2,444 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Snap-on were worth $686,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Trust N.A. grew its stake in Snap-on by 17.2% in the 2nd quarter. Raymond James Trust N.A. now owns 2,147 shares of the company’s stock valued at $345,000 after buying an additional 315 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in Snap-on by 5.5% in the 2nd quarter. Capital Insight Partners LLC now owns 6,682 shares of the company’s stock valued at $1,074,000 after purchasing an additional 350 shares during the period. D.A. Davidson & CO. boosted its holdings in Snap-on by 3.9% in the 2nd quarter. D.A. Davidson & CO. now owns 9,735 shares of the company’s stock valued at $1,565,000 after purchasing an additional 366 shares during the period. Elk Creek Partners LLC boosted its holdings in Snap-on by 17.1% in the 1st quarter. Elk Creek Partners LLC now owns 2,756 shares of the company’s stock valued at $407,000 after purchasing an additional 402 shares during the period. Finally, M&T Bank Corp boosted its holdings in Snap-on by 3.9% in the 1st quarter. M&T Bank Corp now owns 11,386 shares of the company’s stock valued at $1,680,000 after purchasing an additional 425 shares during the period.
In other news, SVP Anup R. Banerjee sold 35,500 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $172.00, for a total transaction of $6,106,000.00. Following the completion of the sale, the senior vice president now owns 7,293 shares of the company’s stock, valued at approximately $1,254,396. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Aldo John Pagliari sold 6,480 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total transaction of $1,152,727.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,816 shares of company stock valued at $15,120,752. 4.00% of the stock is currently owned by insiders.
NYSE SNA opened at $181.40 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.33 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. Snap-on Incorporated has a 12-month low of $141.63 and a 12-month high of $185.47.
Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, July 19th. The company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.95 by $0.16. Snap-on had a net margin of 16.04% and a return on equity of 21.04%. The firm had revenue of $954.60 million during the quarter, compared to the consensus estimate of $952.04 million. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. research analysts forecast that Snap-on Incorporated will post 11.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 16th. Snap-on’s dividend payout ratio (DPR) is presently 32.41%.
A number of research firms have issued reports on SNA. ValuEngine raised shares of Snap-on from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. B. Riley set a $205.00 price objective on shares of Snap-on and gave the company a “buy” rating in a report on Tuesday, July 17th. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Northcoast Research downgraded shares of Snap-on from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. Finally, Barrington Research reissued a “buy” rating and issued a $200.00 price objective on shares of Snap-on in a report on Monday, August 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $192.75.
Snap-on Company Profile
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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