Mountain Pacific Investment Advisers Inc. ID reduced its stake in Snap-on (NYSE:SNA) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 154,025 shares of the company’s stock after selling 440 shares during the quarter. Snap-on makes up approximately 2.3% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 14th biggest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Snap-on were worth $22,725,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in shares of Snap-on by 7.9% in the 4th quarter. Bessemer Group Inc. now owns 933,862 shares of the company’s stock valued at $162,774,000 after purchasing an additional 68,432 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Snap-on by 14.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 792,225 shares of the company’s stock valued at $138,086,000 after purchasing an additional 97,613 shares during the period. Ariel Investments LLC grew its stake in shares of Snap-on by 1.7% in the 4th quarter. Ariel Investments LLC now owns 776,792 shares of the company’s stock valued at $135,395,000 after purchasing an additional 12,758 shares during the period. Cooke & Bieler LP grew its stake in shares of Snap-on by 3.7% in the 4th quarter. Cooke & Bieler LP now owns 737,719 shares of the company’s stock valued at $128,585,000 after purchasing an additional 26,338 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Snap-on by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 721,090 shares of the company’s stock valued at $125,460,000 after purchasing an additional 13,375 shares during the period. Institutional investors own 99.40% of the company’s stock.
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In other Snap-on news, SVP Anup R. Banerjee sold 2,091 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.11, for a total transaction of $334,790.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Thomas J. Ward sold 5,743 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $159.93, for a total value of $918,477.99. Following the transaction, the senior vice president now directly owns 51,840 shares in the company, valued at approximately $8,290,771.20. The disclosure for this sale can be found here. Insiders sold a total of 104,995 shares of company stock worth $16,839,572 over the last three months. 4.00% of the stock is owned by company insiders.
Shares of SNA opened at $143.13 on Friday. The company has a market capitalization of $8,217.06, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.28. Snap-on has a one year low of $140.83 and a one year high of $185.47.
Snap-on (NYSE:SNA) last announced its earnings results on Thursday, April 19th. The company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.73 by $0.06. The business had revenue of $935.50 million for the quarter, compared to the consensus estimate of $926.52 million. Snap-on had a return on equity of 20.63% and a net margin of 15.50%. Snap-on’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.39 EPS. sell-side analysts expect that Snap-on will post 11.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Monday, May 21st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, May 18th. Snap-on’s payout ratio is currently 32.41%.
Several equities research analysts have recently weighed in on SNA shares. Zacks Investment Research lowered Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. B. Riley reiterated a “buy” rating and issued a $205.00 price objective on shares of Snap-on in a research note on Thursday, January 4th. Robert W. Baird reiterated a “buy” rating and issued a $220.00 price objective (up from $184.00) on shares of Snap-on in a research note on Monday, January 29th. They noted that the move was a valuation call. Barrington Research reiterated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. Finally, Northcoast Research set a $178.00 target price on Snap-on and gave the stock a “buy” rating in a report on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $189.13.
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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