Birch Capital Management LLC reduced its stake in Snap-on Incorporated (NYSE:SNA) by 20.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,411 shares of the company’s stock after selling 360 shares during the quarter. Birch Capital Management LLC’s holdings in Snap-on were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of SNA. ProShare Advisors LLC boosted its position in shares of Snap-on by 1.6% in the 3rd quarter. ProShare Advisors LLC now owns 7,720 shares of the company’s stock worth $1,136,000 after purchasing an additional 124 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Snap-on by 24.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,584 shares of the company’s stock worth $969,000 after purchasing an additional 1,300 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Snap-on by 5.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,019 shares of the company’s stock worth $591,000 after purchasing an additional 194 shares in the last quarter. Eudaimonia Partners LLC bought a new position in Snap-on in the 3rd quarter valued at approximately $65,000. Finally, AQR Capital Management LLC lifted its position in Snap-on by 14.2% in the 3rd quarter. AQR Capital Management LLC now owns 567,272 shares of the company’s stock valued at $83,253,000 after acquiring an additional 70,464 shares in the last quarter. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
SNA stock traded down $2.44 during midday trading on Thursday, hitting $232.76. The company’s stock had a trading volume of 615 shares, compared to its average volume of 527,497. The company has a market cap of $12.67 billion, a PE ratio of 21.98, a P/E/G ratio of 1.49 and a beta of 1.29. Snap-on Incorporated has a 12 month low of $107.20 and a 12 month high of $236.08. The company has a current ratio of 2.63, a quick ratio of 1.95 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $216.01 and its 200-day moving average is $180.75.
Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 4th. The company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.89. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $942.78 million. Snap-on had a net margin of 16.95% and a return on equity of 17.17%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.08 EPS. Analysts expect that Snap-on Incorporated will post 10.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Tuesday, February 23rd were paid a $1.23 dividend. The ex-dividend date of this dividend was Monday, February 22nd. This represents a $4.92 annualized dividend and a dividend yield of 2.11%. Snap-on’s dividend payout ratio (DPR) is 40.13%.
In other Snap-on news, VP Iain Boyd sold 13,500 shares of the stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $190.79, for a total transaction of $2,575,665.00. Following the completion of the transaction, the vice president now owns 18,474 shares of the company’s stock, valued at approximately $3,524,654.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Ward sold 21,000 shares of the stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $201.15, for a total transaction of $4,224,150.00. Following the transaction, the senior vice president now directly owns 66,543 shares of the company’s stock, valued at approximately $13,385,124.45. The disclosure for this sale can be found here. Insiders sold a total of 47,033 shares of company stock valued at $9,397,547 over the last 90 days. 4.20% of the stock is currently owned by company insiders.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
Featured Article: 52- Week Highs
Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (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.