Janus Henderson Group PLC lowered its stake in shares of Snap-On Incorporated (NYSE:SNA) by 18.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,305 shares of the company’s stock after selling 42,339 shares during the quarter. Janus Henderson Group PLC owned approximately 0.32% of Snap-On worth $27,015,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in SNA. Jane Street Group LLC boosted its holdings in shares of Snap-On by 114.8% during the third quarter. Jane Street Group LLC now owns 13,217 shares of the company’s stock valued at $1,969,000 after acquiring an additional 7,065 shares during the period. Cohen & Steers Inc. acquired a new position in shares of Snap-On during the third quarter valued at $9,707,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Snap-On by 33.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 44,580 shares of the company’s stock valued at $6,642,000 after acquiring an additional 11,083 shares during the period. Lenox Wealth Management Inc. boosted its holdings in shares of Snap-On by 3,995.9% during the third quarter. Lenox Wealth Management Inc. now owns 5,980 shares of the company’s stock valued at $891,000 after acquiring an additional 5,834 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Snap-On during the third quarter valued at about $1,803,000. 99.40% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.
Snap-On Incorporated (SNA) traded down $0.17 during trading hours on Friday, reaching $183.59. The company’s stock had a trading volume of 584,600 shares, compared to its average volume of 544,095. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. Snap-On Incorporated has a 52 week low of $140.83 and a 52 week high of $185.47. The stock has a market cap of $10,470.00, a PE ratio of 18.87, a PEG ratio of 1.40 and a beta of 1.14.
Snap-On (NYSE:SNA) last released its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $889.22 million. During the same quarter in the previous year, the business posted $2.22 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts forecast that Snap-On Incorporated will post 10.09 EPS for the current year.
SNA has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Snap-On from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. FBR & Co restated a “buy” rating and set a $205.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. Oppenheimer restated a “buy” rating and set a $177.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. Barrington Research upgraded shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price target on the stock in a research report on Monday, October 23rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $175.00 price target on shares of Snap-On in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $193.56.
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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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