Investec Asset Management North America Inc. Has $1.75 Million Holdings in Snap-on Incorporated (SNA)

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Investec Asset Management North America Inc. lessened its position in shares of Snap-on Incorporated (NYSE:SNA) by 88.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,151 shares of the company’s stock after selling 83,638 shares during the period. Investec Asset Management North America Inc.’s holdings in Snap-on were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CSat Investment Advisory L.P. boosted its holdings in shares of Snap-on by 81.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 205 shares of the company’s stock valued at $30,000 after buying an additional 92 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Snap-on in the 4th quarter valued at $33,000. Tributary Capital Management LLC acquired a new position in shares of Snap-on in the 4th quarter valued at $44,000. Private Capital Group LLC boosted its holdings in shares of Snap-on by 98.6% in the 4th quarter. Private Capital Group LLC now owns 437 shares of the company’s stock valued at $63,000 after buying an additional 217 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Snap-on by 1,158.3% in the 4th quarter. Atlas Capital Advisors LLC now owns 453 shares of the company’s stock valued at $66,000 after buying an additional 417 shares in the last quarter.

Several research firms recently commented on SNA. TheStreet upgraded shares of Snap-on from a “c+” rating to a “b-” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America downgraded shares of Snap-on from a “buy” rating to a “neutral” rating and set a $168.00 price target for the company. in a research report on Tuesday, April 16th. Barrington Research set a $185.00 price target on shares of Snap-on and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird downgraded shares of Snap-on from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $186.00 to $160.00 in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $185.20.

SNA stock opened at $169.93 on Thursday. Snap-on Incorporated has a 12 month low of $135.29 and a 12 month high of $189.46. The firm has a market capitalization of $9.52 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 0.29.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, April 18th. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.91 by $0.10. The firm had revenue of $921.70 million during the quarter, compared to the consensus estimate of $933.13 million. Snap-on had a net margin of 18.64% and a return on equity of 21.66%. Snap-on’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.79 EPS. On average, equities research analysts forecast that Snap-on Incorporated will post 12.34 earnings per share for the current fiscal year.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 11,783 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $156.68, for a total transaction of $1,846,160.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Ward sold 21,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $169.75, for a total transaction of $3,564,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,327 shares of company stock valued at $12,687,933. 3.90% of the stock is owned by insiders.

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Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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