Snap-on (NYSE:SNA) Holdings Trimmed by Hahn Capital Management LLC

Hahn Capital Management LLC lowered its stake in Snap-on (NYSE:SNA) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,604 shares of the company’s stock after selling 3,026 shares during the period. Snap-on accounts for approximately 3.1% of Hahn Capital Management LLC’s holdings, making the stock its 16th biggest holding. Hahn Capital Management LLC owned 0.33% of Snap-on worth $33,222,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cohen & Steers Inc. bought a new stake in Snap-on in the third quarter valued at $9,707,000. Toronto Dominion Bank boosted its holdings in shares of Snap-on by 11.3% during the 3rd quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock valued at $3,257,000 after buying an additional 2,227 shares in 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 valued at $488,847,000 after buying an additional 270,905 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Snap-on by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 139,858 shares of the company’s stock valued at $20,840,000 after buying an additional 3,558 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Snap-on by 20.4% during the 4th quarter. Comerica Bank now owns 20,827 shares of the company’s stock valued at $3,806,000 after buying an additional 3,523 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

In other Snap-on news, SVP Anup R. Banerjee sold 2,091 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $160.11, for a total value of $334,790.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas L. Kassouf sold 96,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $160.40, for a total value of $15,398,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,995 shares of company stock valued at $16,839,572. 4.00% of the stock is owned by insiders.

SNA 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. The stock has a market capitalization of $8,539.92, a PE ratio of 14.42, a P/E/G ratio of 1.27 and a beta of 1.16. Snap-on has a 1 year low of $140.83 and a 1 year high of $185.47.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.03. The firm had revenue of $974.60 million during the quarter, compared to analyst estimates of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. Snap-on’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 EPS. sell-side analysts forecast that Snap-on will post 11.48 earnings per share for the current fiscal year.

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

A number of analysts have recently commented on SNA shares. Zacks Investment Research cut shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Barrington Research restated a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. B. Riley restated a “buy” rating and set a $205.00 target price on shares of Snap-on in a report on Thursday, January 4th. Finally, Robert W. Baird restated a “buy” rating and set a $220.00 target price (up previously from $184.00) on shares of Snap-on in a report on Monday, January 29th. They noted that the move was a valuation call. One 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $192.00.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/07/snap-on-incorporated-sna-shares-sold-by-hahn-capital-management-llc.html.

Snap-on Company Profile

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)

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply