2,365 Shares in Snap-On Incorporated $SNA Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Snap-On Incorporated (NYSE:SNA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,365 shares of the company’s stock, valued at approximately $736,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Snap-On by 638.3% during the second quarter. Allworth Financial LP now owns 3,743 shares of the company’s stock valued at $1,165,000 after buying an additional 3,236 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Snap-On by 9.9% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 39,212 shares of the company’s stock valued at $12,202,000 after acquiring an additional 3,542 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Snap-On by 6.4% during the second quarter. ProShare Advisors LLC now owns 12,015 shares of the company’s stock valued at $3,739,000 after purchasing an additional 718 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in Snap-On by 4.4% during the second quarter. Zions Bancorporation National Association UT now owns 2,587 shares of the company’s stock valued at $805,000 after purchasing an additional 109 shares during the period. Finally, Midwest Trust Co purchased a new stake in Snap-On in the second quarter worth approximately $471,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-On Trading Down 1.7%

Shares of SNA stock opened at $336.05 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.37 and a current ratio of 4.40. The stock has a fifty day simple moving average of $338.60 and a two-hundred day simple moving average of $326.93. The firm has a market capitalization of $17.48 billion, a PE ratio of 17.62, a PEG ratio of 2.33 and a beta of 0.81. Snap-On Incorporated has a 52-week low of $289.81 and a 52-week high of $373.89.

Snap-On (NYSE:SNA) last issued its earnings results on Thursday, October 16th. The company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.12. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $4.70 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be paid a $2.44 dividend. This represents a $9.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 21st. This is an increase from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s dividend payout ratio is presently 51.18%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNA. Robert W. Baird raised their target price on Snap-On from $355.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Tigress Financial upped their target price on shares of Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research report on Wednesday, October 15th. Roth Capital reissued a “buy” rating and set a $385.00 price objective on shares of Snap-On in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snap-On currently has an average rating of “Moderate Buy” and a consensus price target of $365.00.

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.