Snap-on Incorporated (NYSE:SNA) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lowered its stake in Snap-on Incorporated (NYSE:SNA) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 524 shares of the company’s stock after selling 192 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Snap-on were worth $178,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Snap-on by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company’s stock valued at $2,174,233,000 after acquiring an additional 19,328 shares in the last quarter. First Trust Advisors LP grew its stake in Snap-on by 29.2% during the 4th quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock valued at $617,651,000 after purchasing an additional 411,317 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Snap-on by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company’s stock worth $613,195,000 after purchasing an additional 77,486 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Snap-on by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company’s stock valued at $556,022,000 after purchasing an additional 27,700 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Snap-on by 12.8% during the 4th quarter. Nordea Investment Management AB now owns 1,128,317 shares of the company’s stock valued at $384,813,000 after buying an additional 127,859 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

SNA has been the topic of a number of research analyst reports. Longbow Research upgraded shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research note on Monday, March 31st. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research report on Thursday, April 17th. Robert W. Baird lowered their price objective on Snap-on from $349.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Snap-on has an average rating of “Hold” and an average target price of $350.83.

Snap-on Stock Up 0.1 %

NYSE:SNA opened at $309.97 on Wednesday. The firm has a market capitalization of $16.21 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $326.91 and a 200-day moving average of $338.87.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $4.91 earnings per share. Analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on’s payout ratio is 44.82%.

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 & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.