Zeke Capital Advisors LLC lifted its position in shares of Snap-on (NYSE:SNA) by 106.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,980 shares of the company’s stock after purchasing an additional 3,085 shares during the period. Zeke Capital Advisors LLC’s holdings in Snap-on were worth $1,042,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in SNA. Findlay Park Partners LLP boosted its holdings in shares of Snap-on by 64.4% during the 3rd quarter. Findlay Park Partners LLP now owns 715,000 shares of the company’s stock worth $106,542,000 after buying an additional 280,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Snap-on by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock worth $488,847,000 after buying an additional 270,905 shares during the period. First Trust Advisors LP boosted its holdings in shares of Snap-on by 147.6% during the 4th quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock worth $75,531,000 after buying an additional 258,310 shares during the period. Elkfork Partners LLC bought a new stake in shares of Snap-on during the 4th quarter worth about $36,979,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Snap-on during the 4th quarter worth about $27,660,000. 99.40% of the stock is owned by institutional investors and hedge funds.
Shares of Snap-on (SNA) opened at $152.90 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8,629.54, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. Snap-on has a twelve month low of $140.83 and a twelve month high of $185.47.
Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.03. The firm had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 EPS. equities research analysts expect that Snap-on will post 11.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, March 1st. Snap-on’s dividend payout ratio is currently 34.45%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Robert W. Baird reaffirmed a “buy” rating and set a $220.00 target price (up previously from $184.00) on shares of Snap-on in a report on Monday, January 29th. They noted that the move was a valuation call. B. Riley reaffirmed a “buy” rating and set a $205.00 target price on shares of Snap-on in a report on Thursday, January 4th. Finally, Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $192.00.
In other Snap-on news, SVP Thomas J. Ward sold 5,743 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $159.93, for a total value of $918,477.99. Following the completion of the sale, the senior vice president now owns 51,840 shares of the company’s stock, valued at approximately $8,290,771.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas L. Kassouf sold 96,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were 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 a total of 146,355 shares of company stock valued at $24,058,960 in the last three months. Insiders own 3.70% of the company’s stock.
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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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