Unigestion Holding SA Decreases Stock Position in Snap-on Incorporated (NYSE:SNA)

Unigestion Holding SA cut its position in Snap-on Incorporated (NYSE:SNA) by 24.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,780 shares of the company’s stock after selling 571 shares during the quarter. Unigestion Holding SA’s holdings in Snap-on were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNA. Cardinal Capital Management lifted its position in shares of Snap-on by 0.9% in the 2nd quarter. Cardinal Capital Management now owns 7,286 shares of the company’s stock worth $1,207,000 after buying an additional 63 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of Snap-on by 34.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 280 shares of the company’s stock worth $47,000 after acquiring an additional 71 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Snap-on by 3.6% in the 3rd quarter. Raymond James Trust N.A. now owns 2,382 shares of the company’s stock worth $373,000 after acquiring an additional 83 shares during the period. Albert D Mason Inc. increased its holdings in shares of Snap-on by 0.9% in the 3rd quarter. Albert D Mason Inc. now owns 10,390 shares of the company’s stock worth $1,626,000 after acquiring an additional 90 shares during the period. Finally, Montag & Caldwell LLC increased its holdings in shares of Snap-on by 6.8% in the 3rd quarter. Montag & Caldwell LLC now owns 1,531 shares of the company’s stock worth $240,000 after acquiring an additional 98 shares during the period.

In other Snap-on news, VP Iain Boyd sold 777 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $165.00, for a total transaction of $128,205.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 19,675 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $155.46, for a total transaction of $3,058,675.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Snap-on stock traded down $0.03 during trading hours on Friday, hitting $166.94. 490,836 shares of the company traded hands, compared to its average volume of 518,672. The firm has a market cap of $9.22 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.61 and a beta of 1.24. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $159.44 and its two-hundred day simple moving average is $158.51. Snap-on Incorporated has a 1-year low of $135.29 and a 1-year high of $174.00.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, October 17th. The company reported $2.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.94 by $0.02. The firm had revenue of $901.80 million for the quarter, compared to analysts’ expectations of $909.23 million. Snap-on had a net margin of 18.72% and a return on equity of 21.16%. Snap-on’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $2.88 EPS. On average, equities research analysts predict that Snap-on Incorporated will post 12.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.08 per share. This is a boost from Snap-on’s previous quarterly dividend of $0.95. This represents a $4.32 annualized dividend and a yield of 2.59%. Snap-on’s dividend payout ratio (DPR) is presently 32.18%.

A number of analysts recently weighed in on SNA shares. ValuEngine cut shares of Snap-on from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Zacks Investment Research cut shares of Snap-on from a “hold” rating to a “sell” rating and set a $166.00 price objective on the stock. in a report on Tuesday, July 16th. Robert W. Baird reaffirmed a “hold” rating and issued a $169.00 price objective on shares of Snap-on in a report on Friday, October 18th. Barrington Research reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Snap-on in a report on Thursday, October 17th. Finally, Oppenheimer set a $180.00 price objective on shares of Snap-on and gave the stock a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $173.60.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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