Snap-On Incorporated (SNA) Holdings Raised by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC grew its holdings in Snap-On Incorporated (NYSE:SNA) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,850 shares of the company’s stock after acquiring an additional 10,400 shares during the quarter. Snap-On accounts for about 1.0% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 13th largest holding. Alpine Woods Capital Investors LLC owned about 0.23% of Snap-On worth $19,647,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in SNA. Morgan Dempsey Capital Management LLC increased its holdings in shares of Snap-On by 63.7% in the second quarter. Morgan Dempsey Capital Management LLC now owns 676 shares of the company’s stock worth $107,000 after acquiring an additional 263 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Snap-On by 700.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after buying an additional 700 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Snap-On during the second quarter worth about $126,000. Lloyds Banking Group plc bought a new position in shares of Snap-On during the second quarter worth about $129,000. Finally, Commonwealth Bank of Australia grew its holdings in shares of Snap-On by 4.4% during the second quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock worth $171,000 after buying an additional 46 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.
Shares of Snap-On Incorporated (NYSE:SNA) traded down $0.05 during midday trading on Monday, reaching $157.02. The company had a trading volume of 331,900 shares, compared to its average volume of 617,859. Snap-On Incorporated has a 1 year low of $140.83 and a 1 year high of $181.73. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $8,950.00, a PE ratio of 15.85, a PEG ratio of 1.46 and a beta of 1.12.
Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 19th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The firm had revenue of $903.80 million during the quarter, compared to analysts’ expectations of $889.22 million. During the same period in the prior year, the firm posted $2.22 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts forecast that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.
Snap-On declared that its Board of Directors has approved a stock repurchase plan on Monday, August 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a yield of 2.09%. Snap-On’s dividend payout ratio is 33.71%.
A number of research firms recently issued reports on SNA. B. Riley reiterated a “buy” rating on shares of Snap-On in a report on Wednesday, November 1st. Robert W. Baird reiterated an “outperform” rating and set a $197.00 price objective on shares of Snap-On in a report on Wednesday, August 2nd. BidaskClub upgraded Snap-On from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 price objective on shares of Snap-On in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Snap-On from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Snap-On presently has an average rating of “Hold” and a consensus price target of $192.00.
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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