Asset Management One Co. Ltd. boosted its position in Snap-On Incorporated (NYSE:SNA) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,032 shares of the company’s stock after buying an additional 13,188 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Snap-On worth $15,031,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Cadence Capital Management LLC grew its position in Snap-On by 0.4% in the 2nd quarter. Cadence Capital Management LLC now owns 1,891 shares of the company’s stock valued at $299,000 after buying an additional 8 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Snap-On by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock valued at $222,000 after buying an additional 23 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Snap-On by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock valued at $171,000 after acquiring an additional 46 shares during the period. Synovus Financial Corp lifted its holdings in Snap-On by 3.5% in the second quarter. Synovus Financial Corp now owns 1,548 shares of the company’s stock valued at $247,000 after acquiring an additional 53 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Snap-On by 0.3% in the second quarter. Retirement Systems of Alabama now owns 28,097 shares of the company’s stock valued at $4,439,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 99.68% of the company’s stock.

A number of equities research analysts have commented on SNA shares. Zacks Investment Research downgraded Snap-On from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Longbow Research downgraded Snap-On from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. FBR & Co reissued a “buy” rating and issued a $205.00 target price on shares of Snap-On in a report on Thursday, October 19th. Oppenheimer reissued a “buy” rating and issued a $177.00 target price on shares of Snap-On in a report on Thursday, October 19th. Finally, Barrington Research raised Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $192.00.

Snap-On Incorporated (NYSE SNA) traded up $2.81 during trading on Friday, reaching $168.31. The company’s stock had a trading volume of 178,417 shares, compared to its average volume of 609,580. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9,707.18, a P/E ratio of 17.18, a P/E/G ratio of 1.41 and a beta of 1.14.

Snap-On (NYSE:SNA) last released its quarterly earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. The business 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 business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.22 EPS. equities analysts anticipate that Snap-On Incorporated will post 10.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s payout ratio is 33.64%.

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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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