Snap-on Incorporated (SNA) Position Reduced by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lowered its position in shares of Snap-on Incorporated (NYSE:SNA) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,649 shares of the company’s stock after selling 509 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of Snap-on worth $46,870,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Snap-on during the fourth quarter worth approximately $281,000. Van ECK Associates Corp raised its stake in Snap-on by 7.5% in the fourth quarter. Van ECK Associates Corp now owns 786 shares of the company’s stock worth $135,000 after buying an additional 55 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Snap-on by 6.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,623 shares of the company’s stock worth $449,000 after buying an additional 151 shares in the last quarter. State Street Corp raised its stake in Snap-on by 5.6% in the fourth quarter. State Street Corp now owns 2,403,423 shares of the company’s stock worth $411,635,000 after buying an additional 126,540 shares in the last quarter. Finally, Cleararc Capital Inc. raised its stake in Snap-on by 0.5% in the fourth quarter. Cleararc Capital Inc. now owns 1,418 shares of the company’s stock worth $243,000 after buying an additional 7 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.
Shares of Snap-on Incorporated (NYSE:SNA) opened at 171.74 on Tuesday. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 18.67 and a beta of 1.06. Snap-on Incorporated has a 12-month low of $145.17 and a 12-month high of $181.73. The company’s 50-day moving average is $171.73 and its 200-day moving average is $164.51.
Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.06. The company had revenue of $889.80 million for the quarter, compared to the consensus estimate of $884.09 million. Snap-on had a return on equity of 20.89% and a net margin of 15.93%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $2.22 earnings per share. Analysts predict that Snap-on Incorporated will post $10.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Wednesday, February 22nd. Snap-on’s dividend payout ratio is currently 30.84%.
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A number of research firms recently commented on SNA. Zacks Investment Research lowered shares of Snap-on from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Wunderlich upped their price target on shares of Snap-on from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 3rd.
In other news, VP Constance Johnsen sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $172.63, for a total value of $431,575.00. Following the sale, the vice president now directly owns 5,023 shares of the company’s stock, valued at $867,120.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Aldo John Pagliari sold 1,700 shares of Snap-on stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $171.42, for a total value of $291,414.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,820 shares of company stock worth $6,008,666. 3.40% of the stock is currently owned by company insiders.
Snap-on Company Profile
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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