Snap-On Incorporated $SNA Shares Acquired by National Pension Service

National Pension Service grew its holdings in Snap-On Incorporated (NYSE:SNA) by 5.2% during the 2nd quarter, Holdings Channel reports. The fund owned 34,361 shares of the company’s stock after purchasing an additional 1,706 shares during the period. National Pension Service’s holdings in Snap-On were worth $13,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. DV Equities LLC acquired a new position in shares of Snap-On in the fourth quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in shares of Snap-On during the 1st quarter valued at about $29,000. Quattro Advisors LLC purchased a new position in shares of Snap-On in the 4th quarter valued at about $35,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Snap-On by 36.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock valued at $36,000 after purchasing an additional 28 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Snap-On by 152.4% in the 4th quarter. Manchester Capital Management LLC now owns 106 shares of the company’s stock worth $37,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Roth Capital reissued a “buy” rating and issued a $461.00 price objective (up from $409.00) on shares of Snap-On in a report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a research note on Friday, July 17th. Robert W. Baird set a $415.00 target price on Snap-On in a research report on Friday, July 24th. Tigress Financial lifted their price target on shares of Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Barclays assumed coverage on shares of Snap-On in a report on Thursday, May 28th. They issued an “overweight” rating and a $420.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.20.

Snap-On Trading Up 0.1%

Shares of Snap-On stock opened at $375.03 on Friday. The company has a current ratio of 3.43, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15. Snap-On Incorporated has a twelve month low of $320.80 and a twelve month high of $423.02. The firm has a market capitalization of $19.40 billion, a PE ratio of 19.12, a P/E/G ratio of 2.64 and a beta of 0.72. The firm’s 50-day moving average price is $400.36 and its 200 day moving average price is $385.25.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, topping the consensus estimate of $4.95 by $0.01. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $4.72 EPS. Snap-On’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Snap-On Incorporated will post 19.7 EPS for the current fiscal year.

Snap-On Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $2.44 per share. This represents a $9.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 19th. Snap-On’s payout ratio is presently 49.77%.

Insider Transactions at Snap-On

In related news, VP Marty V. Ozolins sold 800 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $400.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president directly owned 1,526 shares of the company’s stock, valued at approximately $610,400. This represents a 34.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aldo Pagliari sold 5,531 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $404.25, for a total value of $2,235,906.75. Following the completion of the transaction, the chief financial officer owned 120,644 shares in the company, valued at $48,770,337. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 40,720 shares of company stock worth $16,500,198 in the last quarter. 3.80% of the stock is owned by insiders.

About Snap-On

Snap-on Incorporated is a manufacturer and distributor of professional tools, equipment, diagnostics and repair information. Its products include hand and power tools, tool storage, vehicle diagnostic systems, shop equipment, repair software and related services. The company serves professional technicians and customers in the automotive repair, commercial transportation, industrial, aviation, military, agriculture and other technical markets.

Snap-on sells products under the Snap-on brand and other brands, including Blue-Point, through a broad distribution network.