Leeward Investments LLC MA Has $6.56 Million Stake in Snap-On Incorporated $SNA

Leeward Investments LLC MA decreased its position in Snap-On Incorporated (NYSE:SNA) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,064 shares of the company’s stock after selling 252 shares during the period. Leeward Investments LLC MA’s holdings in Snap-On were worth $6,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SNA. Kingstone Capital Partners Texas LLC bought a new stake in Snap-On in the second quarter valued at $434,938,000. Auto Owners Insurance Co increased its stake in Snap-On by 35,967.2% in the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company’s stock valued at $361,612,000 after purchasing an additional 1,070,025 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Snap-On by 54.3% in the first quarter. Ameriprise Financial Inc. now owns 681,857 shares of the company’s stock valued at $229,793,000 after purchasing an additional 239,908 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Snap-On in the second quarter valued at $56,595,000. Finally, Nuveen LLC bought a new stake in Snap-On in the first quarter valued at $45,711,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNA. Bank of America boosted 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. Roth Capital reissued a “buy” rating and set a $385.00 target price on shares of Snap-On in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research report on Friday. 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, Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Five 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, Snap-On currently has an average rating of “Moderate Buy” and an average price target of $365.00.

Snap-On Stock Down 0.7%

SNA opened at $344.10 on Monday. 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 cap of $17.90 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.38 and a beta of 0.78. Snap-On Incorporated has a twelve month low of $289.81 and a twelve month high of $373.89. The company’s 50-day moving average price is $334.54 and its two-hundred day moving average price is $324.71.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, October 16th. The company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.12. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. Snap-On’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.70 EPS. As a group, equities analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were issued a $2.14 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.5%. Snap-On’s dividend payout ratio is presently 44.89%.

Insiders Place Their Bets

In other news, CFO Aldo John Pagliari sold 4,731 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $327.38, for a total value of $1,548,834.78. Following the transaction, the chief financial officer owned 111,667 shares of the company’s stock, valued at $36,557,542.46. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 23,042 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the transaction, the chief executive officer directly owned 815,219 shares in the company, valued at approximately $261,587,472.72. This represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,898 shares of company stock worth $8,983,203 in the last three months. Insiders own 3.90% of the company’s stock.

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.