Walthausen & Co. LLC Has $6.31 Million Holdings in Snap-On Incorporated (SNA)
Walthausen & Co. LLC boosted its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,340 shares of the company’s stock after purchasing an additional 6,270 shares during the quarter. Walthausen & Co. LLC owned approximately 0.07% of Snap-On worth $6,309,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of SNA. Acrospire Investment Management LLC increased its holdings in Snap-On by 700.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after purchasing an additional 700 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Snap-On during the 2nd quarter worth approximately $126,000. Amica Retiree Medical Trust purchased a new stake in Snap-On during the 3rd quarter worth approximately $165,000. Commonwealth Bank of Australia increased its holdings in Snap-On by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock worth $171,000 after purchasing an additional 46 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its holdings in Snap-On by 40.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock worth $174,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 99.68% of the company’s stock.
Several research analysts have recently commented on SNA shares. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Longbow Research lowered Snap-On from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. FBR & Co reiterated a “buy” rating and issued a $205.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and issued a $177.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Finally, Barrington Research upgraded Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a research report on Monday, October 23rd. 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 stock. Snap-On currently has a consensus rating of “Hold” and an average target price of $192.00.
Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $903.80 million during the quarter, compared to analyst estimates of $889.22 million. During the same quarter in the previous year, the firm posted $2.22 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. sell-side analysts forecast that Snap-On Incorporated will post 10.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.28 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s payout ratio is currently 33.64%.
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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