WCM Investment Management LLC Acquires 31 Shares of Snap-on Incorporated (NYSE:SNA)

WCM Investment Management LLC raised its holdings in Snap-on Incorporated (NYSE:SNA) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 727 shares of the company’s stock after buying an additional 31 shares during the period. WCM Investment Management LLC’s holdings in Snap-on were worth $247,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Empirical Finance LLC boosted its position in Snap-on by 45.8% during the fourth quarter. Empirical Finance LLC now owns 5,906 shares of the company’s stock valued at $2,005,000 after purchasing an additional 1,856 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Snap-on by 0.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,143 shares of the company’s stock valued at $1,746,000 after buying an additional 46 shares during the last quarter. Vest Financial LLC raised its position in Snap-on by 2.4% during the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after acquiring an additional 2,460 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Snap-on by 26.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,413 shares of the company’s stock valued at $2,177,000 after acquiring an additional 1,337 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on in the 4th quarter valued at about $28,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Roth Mkm upped their price objective on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday. Robert W. Baird lifted their target price on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Tigress Financial raised their price objective on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America increased their target price on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $345.40.

Snap-on Trading Up 0.6 %

Shares of NYSE:SNA opened at $340.38 on Tuesday. The business’s 50 day simple moving average is $347.29 and its 200 day simple moving average is $320.10. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14. The company has a market capitalization of $17.87 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.13 and a beta of 0.99.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter last year, the company posted $4.75 EPS. On average, research analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now directly owns 100,668 shares in the company, valued at $34,994,210.16. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the completion of the sale, the vice president now directly owns 2,289 shares in the company, valued at approximately $830,586.54. This represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,192 shares of company stock valued at $11,400,978 in the last ninety days. 4.10% of the stock is currently owned by company insiders.

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.