Usca Ria LLC Acquires New Stake in Snap-on Incorporated (SNA)

Usca Ria LLC acquired a new position in shares of Snap-on Incorporated (NYSE:SNA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,128 shares of the company’s stock, valued at approximately $2,961,000.

Several other hedge funds have also recently bought and sold shares of SNA. Raymond James Trust N.A. raised its holdings in Snap-on by 17.2% during the second quarter. Raymond James Trust N.A. now owns 2,147 shares of the company’s stock worth $345,000 after acquiring an additional 315 shares in the last quarter. Synovus Financial Corp raised its holdings in Snap-on by 6.3% during the third quarter. Synovus Financial Corp now owns 5,502 shares of the company’s stock worth $1,010,000 after acquiring an additional 326 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Snap-on by 3.9% during the second quarter. D.A. Davidson & CO. now owns 9,735 shares of the company’s stock worth $1,565,000 after acquiring an additional 366 shares in the last quarter. Creative Planning raised its holdings in Snap-on by 6.1% during the third quarter. Creative Planning now owns 6,465 shares of the company’s stock worth $1,187,000 after acquiring an additional 374 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in Snap-on by 26.5% during the second quarter. Itau Unibanco Holding S.A. now owns 2,126 shares of the company’s stock worth $342,000 after acquiring an additional 445 shares in the last quarter.

NYSE:SNA opened at $155.08 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.59 and a current ratio of 2.31. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. Snap-on Incorporated has a 12-month low of $141.63 and a 12-month high of $189.46.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, October 18th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.02. The firm had revenue of $898.10 million for the quarter, compared to analyst estimates of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 earnings per share. Equities research analysts predict that Snap-on Incorporated will post 11.8 EPS for the current fiscal year.

Several analysts recently issued reports on SNA shares. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Thursday, October 4th. B. Riley set a $205.00 target price on Snap-on and gave the stock a “buy” rating in a report on Tuesday, July 17th. Robert W. Baird dropped their target price on Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Northcoast Research lowered Snap-on from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. Finally, Barrington Research reiterated a “buy” rating and set a $196.00 target price on shares of Snap-on in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $195.40.

In other Snap-on news, SVP Aldo John Pagliari sold 6,480 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total value of $1,152,727.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is owned by corporate insiders.

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

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