Snap-on Incorporated (NYSE:SNA) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Snap-on Incorporated (NYSE:SNA) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,500 shares of the company’s stock after selling 4,800 shares during the quarter. Swiss National Bank’s holdings in Snap-on were worth $47,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new stake in Snap-on during the fourth quarter valued at approximately $33,000. Peoples Bank KS acquired a new stake in shares of Snap-on during the 3rd quarter valued at $40,000. Exchange Traded Concepts LLC bought a new stake in shares of Snap-on during the 4th quarter worth $43,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap-on in the 3rd quarter worth $49,000. Finally, Orion Capital Management LLC acquired a new position in shares of Snap-on in the 3rd quarter worth $49,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other news, SVP Jesus Arregui sold 2,562 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the sale, the senior vice president now directly owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jesus Arregui sold 2,562 shares of Snap-on stock in a transaction on Monday, February 26th. The shares were sold at an average price of $269.35, for a total transaction of $690,074.70. Following the completion of the sale, the senior vice president now directly owns 8,663 shares of the company’s stock, valued at approximately $2,333,379.05. The disclosure for this sale can be found here. Insiders have sold 49,930 shares of company stock worth $14,089,523 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Snap-on Price Performance

Shares of SNA opened at $274.74 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.87 and a beta of 1.00. The business’s 50-day moving average is $284.32 and its 200-day moving average is $279.64. Snap-on Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. During the same quarter in the prior year, the business earned $4.60 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts expect that Snap-on Incorporated will post 19.02 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a yield of 2.71%. Snap-on’s payout ratio is 39.03%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a research report on Thursday, April 18th. Tigress Financial reiterated a “buy” rating and issued a $336.00 target price on shares of Snap-on in a report on Friday, February 16th. Barrington Research restated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a report on Monday, April 15th. Finally, Robert W. Baird decreased their price objective on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Snap-on has an average rating of “Moderate Buy” and a consensus target price of $316.75.

Snap-on Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.