Snap-on Incorporated (NYSE:SNA) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA cut its holdings in Snap-on Incorporated (NYSE:SNA) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the company’s stock after selling 2,000 shares during the period. Everett Harris & Co. CA’s holdings in Snap-on were worth $578,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SNA. MetLife Investment Management LLC lifted its holdings in Snap-on by 22.4% in the first quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock valued at $2,985,000 after acquiring an additional 2,657 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Snap-on by 6.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock valued at $1,469,000 after acquiring an additional 407 shares during the last quarter. Sei Investments Co. lifted its holdings in Snap-on by 11.3% in the first quarter. Sei Investments Co. now owns 125,365 shares of the company’s stock valued at $25,727,000 after acquiring an additional 12,720 shares during the last quarter. Aviva PLC lifted its holdings in Snap-on by 12.3% in the first quarter. Aviva PLC now owns 33,102 shares of the company’s stock valued at $6,802,000 after acquiring an additional 3,636 shares during the last quarter. Finally, Prudential PLC acquired a new position in Snap-on in the first quarter valued at approximately $302,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Tigress Financial reiterated a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Barrington Research restated an “outperform” rating and set a $325.00 price target on shares of Snap-on in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $306.00.

Insider Transactions at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the sale, the chief executive officer now owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Anup R. Banerjee sold 12,397 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $283.13, for a total value of $3,509,962.61. Following the transaction, the senior vice president now owns 11,420 shares of the company’s stock, valued at $3,233,344.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares in the company, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,664 shares of company stock valued at $13,189,544. 4.10% of the stock is currently owned by company insiders.

Snap-on Trading Down 0.2 %

NYSE:SNA traded down $0.72 during trading hours on Thursday, reaching $296.22. 241,410 shares of the stock were exchanged, compared to its average volume of 308,411. Snap-on Incorporated has a twelve month low of $226.68 and a twelve month high of $298.49. The business has a 50-day moving average of $283.38 and a two-hundred day moving average of $274.79. The company has a quick ratio of 2.81, a current ratio of 3.88 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.08 and a beta of 0.98.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $4.42 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Snap-on Incorporated will post 19.21 EPS for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio is currently 39.68%.

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.