Cozad Asset Management Inc. Has $2.42 Million Position in Snap-On Incorporated $SNA

Cozad Asset Management Inc. lowered its stake in shares of Snap-On Incorporated (NYSE:SNA) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,764 shares of the company’s stock after selling 387 shares during the quarter. Cozad Asset Management Inc.’s holdings in Snap-On were worth $2,416,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNA. Tobam acquired a new stake in shares of Snap-On in the second quarter worth $29,000. Ameritas Advisory Services LLC bought a new position in Snap-On in the 2nd quarter worth $30,000. Ransom Advisory Ltd acquired a new position in Snap-On during the 1st quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Snap-On in the second quarter valued at about $45,000. Institutional investors own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Snap-On Trading Up 1.5%

SNA stock opened at $336.07 on Friday. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $373.89. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $338.96 and its 200-day moving average is $327.69. The firm has a market cap of $17.48 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.33 and a beta of 0.81.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, October 16th. The company reported $4.71 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned $4.70 EPS. Snap-On’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. Snap-On’s payout ratio is currently 51.18%.

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.