California Public Employees Retirement System lifted its holdings in Snap-on Incorporated (NYSE:SNA) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,472 shares of the company’s stock after purchasing an additional 4,614 shares during the period. California Public Employees Retirement System owned about 0.25% of Snap-on worth $25,181,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Amica Retiree Medical Trust acquired a new position in shares of Snap-on during the 3rd quarter worth approximately $165,000. Glenview State Bank Trust DEPT. purchased a new stake in shares of Snap-on during the fourth quarter worth $206,000. Jacobi Capital Management LLC purchased a new stake in shares of Snap-on during the third quarter worth $215,000. Visionary Asset Management Inc. purchased a new stake in shares of Snap-on during the third quarter worth $215,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Snap-on by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock worth $222,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.
Shares of Snap-on Incorporated (NYSE:SNA) traded up $0.27 during midday trading on Wednesday, reaching $152.21. 676,510 shares of the company were exchanged, compared to its average volume of 845,290. The firm has a market capitalization of $8,630.00, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.28 and a beta of 1.12. Snap-on Incorporated has a 1 year low of $140.83 and a 1 year high of $185.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78.
Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million for the quarter, compared to analyst estimates of $940.50 million. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. Snap-on’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $2.47 EPS. analysts anticipate that Snap-on Incorporated will post 11.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 1st. Snap-on’s dividend payout ratio (DPR) is 34.02%.
Several research firms recently commented on SNA. B. Riley set a $205.00 target price on Snap-on and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research note on Wednesday, December 20th. Robert W. Baird decreased their target price on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Finally, Barrington Research restated a “buy” rating on shares of Snap-on in a research report on Thursday, March 8th. 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $192.00.
In other news, CEO Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $160.60, for a total transaction of $62,152.20. Following the sale, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $1,345,185.60. The disclosure for this sale can be found here. Insiders have sold a total of 146,355 shares of company stock worth $24,058,960 in the last ninety days. 3.70% of the stock is currently owned by insiders.
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Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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