Standard Family Office LLC Sells 200 Shares of Snap-on Incorporated (NYSE:SNA)

Standard Family Office LLC lowered its stake in Snap-on Incorporated (NYSE:SNA) by 31.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 441 shares of the company’s stock after selling 200 shares during the quarter. Standard Family Office LLC’s holdings in Snap-on were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SNA. Norges Bank bought a new stake in Snap-on during the 4th quarter valued at approximately $100,011,000. Principal Financial Group Inc. raised its stake in Snap-on by 56.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,042,189 shares of the company’s stock valued at $178,361,000 after purchasing an additional 376,444 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Snap-on by 998.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 178,284 shares of the company’s stock valued at $30,512,000 after purchasing an additional 162,052 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Snap-on during the 4th quarter valued at approximately $17,735,000. Finally, Wedge Capital Management L L P NC bought a new stake in Snap-on during the 1st quarter valued at approximately $20,753,000. 86.77% of the stock is currently owned by institutional investors.

NYSE SNA opened at $240.58 on Friday. The stock has a market cap of $13.01 billion, a PE ratio of 19.32, a PEG ratio of 2.00 and a beta of 1.30. The company’s 50 day moving average price is $244.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.47 and a quick ratio of 1.88. Snap-on Incorporated has a 1-year low of $128.10 and a 1-year high of $259.99.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, April 22nd. The company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.49. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $929.86 million. Snap-on had a return on equity of 18.44% and a net margin of 18.13%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. Equities analysts predict that Snap-on Incorporated will post 13.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Friday, May 28th were issued a dividend of $1.23 per share. This represents a $4.92 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, May 20th. Snap-on’s payout ratio is currently 42.30%.

Several brokerages recently issued reports on SNA. Robert W. Baird reissued a “hold” rating and set a $239.00 target price on shares of Snap-on in a research note on Sunday, April 25th. Barrington Research raised their price target on Snap-on from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, April 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Snap-on presently has a consensus rating of “Hold” and a consensus target price of $187.83.

In related news, VP Richard K. Strege sold 3,176 shares of the business’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $229.62, for a total transaction of $729,273.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Iain Boyd sold 10,000 shares of the business’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $249.04, for a total value of $2,490,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,020 shares of company stock valued at $16,071,346. 4.20% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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