Snap-On Incorporated $SNA Stock Holdings Lessened by Intrua Financial LLC

Intrua Financial LLC lessened its stake in shares of Snap-On Incorporated (NYSE:SNA) by 16.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,920 shares of the company’s stock after selling 368 shares during the period. Intrua Financial LLC’s holdings in Snap-On were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SNA. Tobam acquired a new stake in Snap-On during the 2nd quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Snap-On in the second quarter worth about $30,000. Cullen Frost Bankers Inc. increased its position in shares of Snap-On by 248.3% in the first quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company’s stock worth $34,000 after acquiring an additional 72 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Snap-On during the first quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Snap-On by 52.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 110 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-On Price Performance

NYSE SNA opened at $329.43 on Friday. The company has a quick ratio of 3.37, a current ratio of 4.40 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $17.13 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $373.89. The company has a 50 day moving average price of $338.62 and a two-hundred day moving average price of $327.07.

Snap-On (NYSE:SNA) last released its quarterly earnings data 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. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. Snap-On’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.70 EPS. As a group, equities analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a dividend of $2.44 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $9.76 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is currently 51.18%.

Analyst Upgrades and Downgrades

SNA has been the topic of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $385.00 target price on shares of Snap-On in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a report on Wednesday, October 15th. Tigress Financial raised their price target on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Bank of America increased their target price on shares of Snap-On from $265.00 to $285.00 and gave the stock an “underperform” rating in a research report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Snap-On presently has an average rating of “Moderate Buy” and an average target price of $365.00.

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.