Epoch Investment Partners Inc. Has $15.09 Million Stock Holdings in Snap-On Incorporated $SNA

Epoch Investment Partners Inc. cut its position in shares of Snap-On Incorporated (NYSE:SNA) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 43,785 shares of the company’s stock after selling 1,745 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Snap-On were worth $15,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kennebec Savings Bank grew its stake in Snap-On by 3.6% in the 4th quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock valued at $270,000 after buying an additional 27 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Snap-On by 36.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock valued at $36,000 after buying an additional 28 shares during the last quarter. CWM LLC grew its stake in Snap-On by 0.6% in the 4th quarter. CWM LLC now owns 5,517 shares of the company’s stock valued at $1,901,000 after buying an additional 31 shares during the last quarter. Ritholtz Wealth Management grew its stake in Snap-On by 2.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,401 shares of the company’s stock valued at $483,000 after buying an additional 34 shares during the last quarter. Finally, MFA Wealth Services grew its stake in Snap-On by 2.9% in the 3rd quarter. MFA Wealth Services now owns 1,236 shares of the company’s stock valued at $428,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-On

In other Snap-On news, VP Richard Thomas Miller sold 427 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $389.55, for a total value of $166,337.85. Following the completion of the sale, the vice president owned 4,527 shares of the company’s stock, valued at $1,763,492.85. The trade was a 8.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 23,396 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $375.77, for a total transaction of $8,791,514.92. Following the completion of the sale, the chief executive officer directly owned 856,918 shares of the company’s stock, valued at $322,004,076.86. This represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 35,117 shares of company stock worth $13,192,082. 3.80% of the stock is currently owned by company insiders.

Snap-On Stock Performance

NYSE SNA opened at $387.01 on Monday. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $20.05 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.73 and a beta of 0.73. Snap-On Incorporated has a 12-month low of $301.82 and a 12-month high of $400.88. The firm has a 50-day moving average price of $374.84 and a two-hundred day moving average price of $367.35.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.51 EPS. Analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On announced that its Board of Directors has authorized a share buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Snap-On Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $2.44 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $9.76 dividend on an annualized basis and a yield of 2.5%. Snap-On’s payout ratio is currently 50.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Tigress Financial upped their price target on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Roth Mkm reiterated a “buy” rating and issued a $431.00 price target on shares of Snap-On in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Robert W. Baird upped their price target on shares of Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Barclays assumed coverage on shares of Snap-On in a research note on Thursday, May 28th. They issued an “overweight” rating and a $420.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Snap-On presently has an average rating of “Moderate Buy” and a consensus target price of $387.67.

About Snap-On

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.