Crossmark Global Holdings Inc. purchased a new stake in Snap-On Incorporated (NYSE:SNA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,546 shares of the company’s stock, valued at approximately $1,422,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SNA. OppenheimerFunds Inc. lifted its position in Snap-On by 12.0% during the 1st quarter. OppenheimerFunds Inc. now owns 2,645 shares of the company’s stock worth $446,000 after acquiring an additional 283 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Snap-On by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 285,914 shares of the company’s stock valued at $48,224,000 after purchasing an additional 12,265 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Snap-On by 23.4% in the 1st quarter. KCG Holdings Inc. now owns 2,908 shares of the company’s stock valued at $490,000 after purchasing an additional 551 shares in the last quarter. Bank of Montreal Can raised its position in shares of Snap-On by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 451,456 shares of the company’s stock valued at $71,331,000 after purchasing an additional 11,678 shares in the last quarter. Finally, Banced Corp raised its position in shares of Snap-On by 4.6% in the 2nd quarter. Banced Corp now owns 2,014 shares of the company’s stock valued at $318,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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Shares of Snap-On Incorporated (SNA) opened at $157.33 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75. The stock has a market capitalization of $9,038.49, a P/E ratio of 16.00, a P/E/G ratio of 1.47 and a beta of 1.12. Snap-On Incorporated has a 52-week low of $140.83 and a 52-week high of $181.73.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 EPS. research analysts predict that Snap-On Incorporated will post 10.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.82 per share. This is an increase from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, November 16th. Snap-On’s dividend payout ratio is presently 29.13%.

Snap-On declared that its Board of Directors has approved a share buyback program on Monday, August 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

SNA has been the topic of a number of recent analyst reports. FBR & Co set a $205.00 target price on Snap-On and gave the company a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BidaskClub lowered Snap-On from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Longbow Research lowered Snap-On from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $177.00 price target on shares of Snap-On in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $192.00.

About Snap-On

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

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