Snap-on Inc. (SNA)

Janney Montgomery Scott LLC Sells 186 Shares of Snap-on Incorporated (NYSE:SNA)

Janney Montgomery Scott LLC lowered its stake in shares of Snap-on Incorporated (NYSE:SNA – Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,958 shares of the company’s stock after selling 186 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Snap-on were worth $7,209,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of SNA. Charles Schwab Investment Management Inc. raised its stake in shares of Snap-on by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company’s stock valued at $325,509,000 after acquiring an additional 26,260 shares during the period. Nordea Investment Management AB lifted its stake in Snap-on by 52.8% in the fourth quarter. Nordea Investment Management AB now owns 864,565 shares of the company’s stock worth $249,743,000 after purchasing an additional 298,727 shares during the last quarter. Northern Trust Corp boosted its position in shares of Snap-on by 4.6% during the third quarter. Northern Trust Corp now owns 834,148 shares of the company’s stock valued at $212,758,000 after buying an additional 36,556 shares during the period. Earnest Partners LLC grew its stake in shares of Snap-on by 5.8% during the third quarter. Earnest Partners LLC now owns 775,131 shares of the company’s stock valued at $197,705,000 after buying an additional 42,701 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Snap-on by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 773,087 shares of the company’s stock worth $223,304,000 after buying an additional 3,449 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock. Insider Transactions at Snap-on In other Snap-on news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Aldo John Pagliari sold 3,231 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The disclosure for this sale can be found here. In the last three months, insiders sold 49,930 shares of company stock valued at $14,089,523. Corporate insiders own 4.10% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on SNA shares. Robert W. Baird dropped their price objective on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Barrington Research reiterated an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a report on Monday, April 15th. Finally, Tigress Financial reissued a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Snap-on has a consensus rating of “Moderate Buy” and an average target price of $316.75. Read Our Latest Report on SNA Snap-on Stock Performance SNA stock opened at $278.98 on Monday. Snap-on Incorporated has a 1-year low of $247.68 and a 1-year high of $298.49. The business has a 50-day moving average price of $283.58 and a 200 day moving average price of $281.21. The company has a market capitalization of $14.71 billion, a P/E ratio of 14.64, a PEG ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. Snap-on (NYSE:SNA – Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.66 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.60 EPS. As a group, equities research analysts forecast that Snap-on Incorporated will post 19.01 EPS for the current fiscal year. Snap-on Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a $1.86 dividend. The ex-dividend date is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.67%. Snap-on’s dividend payout ratio is presently 39.03%. Snap-on Company Profile (Free Report) 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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