Brandywine Global Investment Management LLC lifted its stake in Snap-on Incorporated (NYSE:SNA) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,130 shares of the company’s stock after buying an additional 1,440 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of Snap-on worth $9,087,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new stake in shares of Snap-on in the third quarter valued at about $165,000. Glenview State Bank Trust DEPT. bought a new stake in shares of Snap-on in the fourth quarter valued at about $206,000. Visionary Asset Management Inc. bought a new stake in shares of Snap-on in the third quarter valued at about $215,000. Wasatch Advisors Inc. bought a new stake in shares of Snap-on in the third quarter valued at about $224,000. Finally, Conning Inc. bought a new stake in shares of Snap-on in the fourth quarter valued at about $230,000. Institutional investors and hedge funds own 99.40% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Barrington Research reiterated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. B. Riley set a $205.00 target price on shares of Snap-on and gave the company a “buy” rating in a research note on Monday. Robert W. Baird reduced 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, Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Snap-on presently has an average rating of “Buy” and a consensus target price of $192.00.
Snap-on Incorporated (NYSE SNA) opened at $152.21 on Thursday. Snap-on Incorporated has a 52-week low of $140.83 and a 52-week high of $185.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24. The stock has a market cap of $8,630.00, a PE ratio of 15.79, a P/E/G ratio of 1.28 and a beta of 1.12.
Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm had revenue of $974.60 million during the quarter, compared to analyst estimates of $940.50 million. During the same quarter in the prior year, the business posted $2.47 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts expect that Snap-on Incorporated will post 11.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.82 dividend. 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 presently 34.02%.
In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas L. Kassouf sold 96,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $160.40, for a total transaction of $15,398,400.00. The disclosure for this sale can be found here. Insiders sold 146,355 shares of company stock valued at $24,058,960 in the last three months. Company insiders own 3.70% of the company’s stock.
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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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