Dimensional Fund Advisors LP Purchases 50,187 Shares of Snap-on Incorporated (NYSE:SNA)

Dimensional Fund Advisors LP boosted its position in Snap-on Incorporated (NYSE:SNA) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927,564 shares of the company’s stock after purchasing an additional 50,187 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Snap-on were worth $314,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Epoch Investment Partners Inc. bought a new stake in Snap-on during the fourth quarter valued at $13,232,000. First Trust Advisors LP increased its stake in Snap-on by 29.2% in the 4th quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock worth $617,651,000 after acquiring an additional 411,317 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Snap-on by 221.2% during the 4th quarter. GeoWealth Management LLC now owns 1,031 shares of the company’s stock valued at $350,000 after acquiring an additional 710 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Snap-on by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 6,016 shares of the company’s stock worth $2,043,000 after purchasing an additional 168 shares in the last quarter. Finally, Master S Wealth Management Inc. purchased a new position in shares of Snap-on during the fourth quarter worth about $345,000. 84.88% of the stock is owned by institutional investors.

Snap-on Trading Down 8.1 %

NYSE:SNA opened at $305.16 on Monday. The company has a 50-day moving average price of $331.66 and a 200-day moving average price of $338.35. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.21 and a beta of 0.84. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business earned $4.91 earnings per share. Equities analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a dividend of $2.14 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 annualized dividend and a dividend yield of 2.81%. Snap-on’s dividend payout ratio is presently 43.90%.

Insider Buying and Selling

In other news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the sale, the chief financial officer now owns 107,096 shares in the company, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 over the last ninety days. Company insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Snap-on from $358.00 to $349.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut shares of Snap-on from a “buy” rating to a “hold” rating in a research report on Friday. Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research report on Thursday. Longbow Research upgraded Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Finally, Tigress Financial lifted their price target on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average target price of $355.67.

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.