Natixis Advisors L.P. cut its holdings in Snap-on (NYSE:SNA) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,855 shares of the company’s stock after selling 2,193 shares during the quarter. Natixis Advisors L.P.’s holdings in Snap-on were worth $26,388,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in Snap-on in the fourth quarter valued at $3,074,000. D.B. Root & Company LLC purchased a new stake in shares of Snap-on in the fourth quarter valued at about $229,000. Comerica Bank boosted its holdings in shares of Snap-on by 20.4% in the fourth quarter. Comerica Bank now owns 20,827 shares of the company’s stock valued at $3,806,000 after acquiring an additional 3,523 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Snap-on by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 52,130 shares of the company’s stock valued at $9,087,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in shares of Snap-on in the fourth quarter valued at about $21,130,000. Institutional investors own 99.40% of the company’s stock.
Several brokerages have recently weighed in on SNA. Northcoast Research set a $178.00 target price on shares of Snap-on and gave the company a “buy” rating in a report on Monday, April 23rd. B. Riley set a $205.00 target price on shares of Snap-on and gave the company a “buy” rating in a report on Thursday, February 8th. Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a report on Monday, April 16th. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Finally, Robert W. Baird lowered their target price on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $189.13.
In related news, SVP Thomas L. Kassouf sold 96,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $160.40, for a total transaction of $15,398,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by insiders.
Shares of NYSE:SNA opened at $151.18 on Thursday. The stock has a market capitalization of $8.65 billion, a PE ratio of 14.94, a PEG ratio of 1.27 and a beta of 1.16. Snap-on has a fifty-two week low of $140.83 and a fifty-two week high of $185.47. The company has a current ratio of 2.28, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31.
Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 19th. The company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.06. The firm had revenue of $935.50 million for the quarter, compared to the consensus estimate of $926.52 million. Snap-on had a net margin of 15.50% and a return on equity of 20.63%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.39 earnings per share. equities analysts predict that Snap-on will post 11.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Monday, May 21st will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, May 18th. Snap-on’s dividend payout ratio is currently 32.41%.
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.
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