Envestnet Asset Management Inc. grew its position in shares of Snap-on (NYSE:SNA) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 148,369 shares of the company’s stock after acquiring an additional 4,726 shares during the period. Envestnet Asset Management Inc. owned about 0.26% of Snap-on worth $25,861,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in shares of Snap-on during the 4th quarter worth approximately $146,000. Amica Retiree Medical Trust purchased a new position in shares of Snap-on during the 3rd quarter worth approximately $165,000. Glenview State Bank Trust DEPT. purchased a new position in shares of Snap-on during the 4th quarter worth approximately $206,000. Visionary Asset Management Inc. purchased a new position in shares of Snap-on during the 3rd quarter worth approximately $215,000. Finally, Wasatch Advisors Inc. purchased a new position in shares of Snap-on during the 3rd quarter worth approximately $224,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
A number of research analysts have weighed in on SNA shares. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Wednesday, December 20th. B. Riley reiterated a “buy” rating and set a $205.00 target price on shares of Snap-on in a report on Thursday, January 4th. Robert W. Baird reiterated 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. Finally, Barrington Research reiterated a “buy” rating on shares of Snap-on in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Snap-on currently has an average rating of “Buy” and an average price target of $192.00.
In related news, Director Nathan J. Jones sold 774 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $162.47, for a total value of $125,751.78. Following the transaction, the director now directly owns 2,984 shares of the company’s stock, valued at approximately $484,810.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $160.60, for a total value of $62,152.20. Following the completion of the transaction, the director now directly owns 8,376 shares in the company, valued at $1,345,185.60. The disclosure for this sale can be found here. Insiders sold a total of 146,355 shares of company stock worth $24,058,960 in the last 90 days. 4.00% of the stock is currently owned by company insiders.
Shares of SNA stock opened at $146.26 on Friday. 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 firm has a market capitalization of $8,604.58, a P/E ratio of 15.36, a P/E/G ratio of 1.28 and a beta of 1.12. Snap-on has a 52 week low of $140.83 and a 52 week high of $185.47.
Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million for the quarter, compared to the consensus estimate of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 EPS. analysts forecast that Snap-on will post 11.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.24%. Snap-on’s payout ratio is currently 34.45%.
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.
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.