1,156 Shares in Snap-On Incorporated $SNA Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC purchased a new position in shares of Snap-On Incorporated (NYSE:SNA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,156 shares of the company’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in Snap-On by 6.8% in the 1st quarter. CWM LLC now owns 5,529 shares of the company’s stock valued at $1,863,000 after acquiring an additional 351 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Snap-On by 248.3% in the first quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Snap-On during the first quarter worth about $337,000. Kestra Private Wealth Services LLC boosted its stake in Snap-On by 5.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,526 shares of the company’s stock worth $1,188,000 after buying an additional 177 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Snap-On by 22.2% in the 1st quarter. IFP Advisors Inc now owns 1,009 shares of the company’s stock worth $342,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNA shares. Robert W. Baird increased 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 report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a research report on Wednesday, October 15th. Tigress Financial boosted their price target on Snap-On from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded Snap-On from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

Snap-On Stock Down 2.0%

Shares of Snap-On stock opened at $329.43 on Monday. The company has a fifty day moving average price of $338.62 and a 200 day moving average price of $327.28. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a twelve month low of $289.81 and a twelve month high of $373.89. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 16th. The company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.12. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $4.70 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Increases Dividend

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

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.