Snap-On Incorporated $SNA Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,548 shares of the company’s stock after purchasing an additional 431 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Snap-On were worth $3,892,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Auto Owners Insurance Co boosted its holdings in Snap-On by 35,967.2% in the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company’s stock valued at $361,612,000 after acquiring an additional 1,070,025 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Snap-On by 65,113.6% in the first quarter. GAMMA Investing LLC now owns 703,003 shares of the company’s stock valued at $236,919,000 after acquiring an additional 701,925 shares during the last quarter. Northern Trust Corp boosted its holdings in Snap-On by 22.4% in the fourth quarter. Northern Trust Corp now owns 798,254 shares of the company’s stock valued at $270,991,000 after acquiring an additional 145,861 shares during the last quarter. Nuveen LLC acquired a new position in Snap-On in the first quarter valued at $45,711,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Snap-On by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,921,584 shares of the company’s stock valued at $647,593,000 after acquiring an additional 115,306 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Trading Down 0.5%

Shares of SNA opened at $323.2710 on Thursday. The stock’s 50-day moving average is $319.74 and its two-hundred day moving average is $324.66. The stock has a market cap of $16.86 billion, a PE ratio of 17.24, a P/E/G ratio of 2.26 and a beta of 0.76. Snap-On Incorporated has a 12 month low of $268.90 and a 12 month high of $373.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.11. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $5.07 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $2.14 per share. The ex-dividend date is Tuesday, August 19th. This represents a $8.56 annualized dividend and a yield of 2.6%. Snap-On’s payout ratio is currently 45.65%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SNA shares. Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a report on Tuesday, July 15th. Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Bank of America boosted their price objective on Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a research note on Friday, July 18th. Finally, Robert W. Baird boosted their price objective on Snap-On from $329.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $356.17.

Insiders Place Their Bets

In other Snap-On news, CFO Aldo John Pagliari sold 125 shares of Snap-On stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $325.21, for a total transaction of $40,651.25. Following the sale, the chief financial officer directly owned 111,721 shares in the company, valued at $36,332,786.41. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,042 shares of Snap-On stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $320.88, for a total value of $7,393,716.96. Following the sale, the chief executive officer owned 815,219 shares in the company, valued at $261,587,472.72. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,160 shares of company stock worth $16,650,792 in the last three months. 3.90% of the stock is owned by insiders.

About Snap-On

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.