Reilly Herbert Faulkner III Has $4.55 Million Stake in Snap-on (NYSE:SNA)

Reilly Herbert Faulkner III lifted its position in shares of Snap-on (NYSE:SNA) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,098 shares of the company’s stock after purchasing an additional 361 shares during the period. Snap-on accounts for 2.5% of Reilly Herbert Faulkner III’s portfolio, making the stock its 29th largest holding. Reilly Herbert Faulkner III’s holdings in Snap-on were worth $4,549,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SNA. Findlay Park Partners LLP increased its stake in shares of Snap-on by 64.4% during the 3rd quarter. Findlay Park Partners LLP now owns 715,000 shares of the company’s stock worth $106,542,000 after purchasing an additional 280,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Snap-on by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock worth $488,847,000 after buying an additional 270,905 shares during the period. First Trust Advisors LP boosted its holdings in shares of Snap-on by 147.6% during the 4th quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock worth $75,531,000 after buying an additional 258,310 shares during the period. Elkfork Partners LLC bought a new stake in shares of Snap-on during the 4th quarter worth about $36,979,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Snap-on during the 4th quarter worth about $27,660,000. Institutional investors own 99.40% of the company’s stock.

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SNA stock opened at $145.96 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. Snap-on has a 1 year low of $140.83 and a 1 year high of $185.47. The company has a market cap of $8,539.92, a P/E ratio of 14.42, a P/E/G ratio of 1.27 and a beta of 1.16.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue was up 9.5% on a year-over-year basis. research analysts expect that Snap-on will post 11.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.25%. The ex-dividend date was Thursday, March 1st. Snap-on’s dividend payout ratio (DPR) is currently 32.41%.

In other Snap-on news, SVP Anup R. Banerjee sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $160.11, for a total value of $334,790.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Dudley Lehman sold 387 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.60, for a total transaction of $62,152.20. Following the completion of the sale, the director now directly owns 8,376 shares in the company, valued at $1,345,185.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,995 shares of company stock valued at $16,839,572. Corporate insiders own 4.00% of the company’s stock.

Several brokerages recently commented on SNA. Robert W. Baird reduced their target price on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. B. Riley set a $205.00 price objective on shares of Snap-on and gave the stock a “buy” rating in a research report on Monday, March 12th. Finally, Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $192.00.

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About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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