Northpointe Capital LLC grew its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,007 shares of the company’s stock after acquiring an additional 1,301 shares during the period. Northpointe Capital LLC’s holdings in Snap-on were worth $2,975,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SNA. Norges Bank acquired a new stake in shares of Snap-on in the 4th quarter valued at about $62,430,000. Man Group plc acquired a new stake in shares of Snap-on in the 3rd quarter valued at about $6,028,000. Deprince Race & Zollo Inc. grew its stake in shares of Snap-on by 4.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 149,730 shares of the company’s stock valued at $21,754,000 after buying an additional 6,034 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Snap-on in the 3rd quarter valued at about $422,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of Snap-on by 1,158.3% in the 4th quarter. Atlas Capital Advisors LLC now owns 453 shares of the company’s stock valued at $66,000 after buying an additional 417 shares during the period.
In other Snap-on news, Director William Dudley Lehman sold 387 shares of Snap-on stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $157.19, for a total transaction of $60,832.53. Following the transaction, the director now owns 9,996 shares of the company’s stock, valued at approximately $1,571,271.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Nicholas T. Pinchuk sold 11,783 shares of Snap-on stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $156.68, for a total transaction of $1,846,160.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,327 shares of company stock worth $9,123,183. 3.90% of the stock is owned by insiders.
NYSE SNA traded up $0.40 during trading hours on Wednesday, hitting $157.21. The company’s stock had a trading volume of 267,835 shares, compared to its average volume of 552,506. Snap-on Incorporated has a 52 week low of $135.29 and a 52 week high of $189.46. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 2.33.
Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 7th. The company reported $3.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.03. Snap-on had a net margin of 18.18% and a return on equity of 21.62%. The business had revenue of $952.50 million for the quarter, compared to analysts’ expectations of $968.74 million. During the same quarter last year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Snap-on Incorporated will post 12.31 EPS for the current year.
Several analysts have recently commented on the company. Bank of America downgraded Snap-on from a “buy” rating to a “neutral” rating and set a $168.00 target price for the company. in a research note on Tuesday. Zacks Investment Research upgraded Snap-on from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Robert W. Baird downgraded Snap-on from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $186.00 to $160.00 in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $185.83.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.
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