Jones Financial Companies Lllp Raises Stock Holdings in Snap-On Incorporated $SNA

Jones Financial Companies Lllp grew its stake in shares of Snap-On Incorporated (NYSE:SNA) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,015 shares of the company’s stock after acquiring an additional 3,008 shares during the quarter. Jones Financial Companies Lllp’s holdings in Snap-On were worth $9,241,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Generali Asset Management SPA SGR purchased a new stake in shares of Snap-On in the 3rd quarter worth $2,068,000. Norges Bank bought a new stake in Snap-On during the second quarter valued at about $168,010,000. First Citizens Bank & Trust Co. increased its position in Snap-On by 3.6% in the third quarter. First Citizens Bank & Trust Co. now owns 40,140 shares of the company’s stock worth $13,910,000 after buying an additional 1,404 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Snap-On by 3.0% in the third quarter. Nordea Investment Management AB now owns 1,258,712 shares of the company’s stock worth $433,601,000 after buying an additional 36,964 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Snap-On by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,495,475 shares of the company’s stock valued at $2,021,262,000 after buying an additional 80,422 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNA has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Robert W. Baird set a $370.00 price objective on shares of Snap-On in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Barrington Research reiterated an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research note on Wednesday, October 15th. Finally, Roth Mkm restated a “buy” rating and issued a $385.00 price objective on shares of Snap-On in a research report on Friday, October 17th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.83.

Snap-On Stock Performance

SNA opened at $383.29 on Thursday. 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 market capitalization of $19.93 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.66 and a beta of 0.81. The company has a fifty day moving average of $355.76 and a 200 day moving average of $341.17. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $387.25.

Insider Transactions at Snap-On

In other news, SVP Jesus Arregui sold 3,831 shares of Snap-On stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $337.28, for a total value of $1,292,119.68. Following the sale, the senior vice president directly owned 2,642 shares of the company’s stock, valued at approximately $891,093.76. The trade was a 59.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Richard Thomas Miller sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $348.27, for a total value of $696,540.00. Following the transaction, the vice president directly owned 4,158 shares of the company’s stock, valued at approximately $1,448,106.66. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 40,036 shares of company stock worth $13,710,988. 3.90% of the stock is currently owned by company insiders.

Snap-On Company Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.