Security National Bank of Sioux City Iowa IA purchased a new stake in Snap-on Incorporated (NYSE:SNA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,994 shares of the company’s stock, valued at approximately $917,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in SNA. Piedmont Investment Advisors LLC acquired a new position in Snap-on in the 2nd quarter valued at about $107,000. Flagship Harbor Advisors LLC bought a new stake in Snap-on in the 2nd quarter valued at about $117,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Snap-on by 104.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 670 shares of the company’s stock valued at $123,000 after purchasing an additional 342 shares during the period. Legacy Advisors LLC bought a new stake in Snap-on in the 3rd quarter valued at about $127,000. Finally, Regentatlantic Capital LLC bought a new stake in Snap-on in the 3rd quarter valued at about $209,000.
NYSE SNA traded down $3.06 during trading on Thursday, reaching $153.43. The company’s stock had a trading volume of 4,961 shares, compared to its average volume of 543,726. The company has a quick ratio of 1.59, a current ratio of 2.31 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $8.79 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.28 and a beta of 1.31. Snap-on Incorporated has a 12 month low of $141.63 and a 12 month high of $189.46.
Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 18th. The company reported $2.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.86 by $0.02. Snap-on had a net margin of 16.86% and a return on equity of 21.35%. The company had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. During the same quarter in the prior year, the firm posted $2.45 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Snap-on Incorporated will post 11.83 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, November 19th. This is an increase from Snap-on’s previous quarterly dividend of $0.82. Snap-on’s dividend payout ratio is 37.55%.
A number of analysts have issued reports on SNA shares. 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. Zacks Investment Research raised shares of Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a report on Thursday, October 4th. Finally, Robert W. Baird cut their price objective on shares of Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $195.40.
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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. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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