Banco Bilbao Vizcaya Argentaria S.A. Has $3.77 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in Snap-on Incorporated (NYSE:SNA) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,117 shares of the company’s stock after selling 290 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Snap-on were worth $3,774,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC acquired a new stake in Snap-on in the 4th quarter valued at $512,000. Vest Financial LLC raised its holdings in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after acquiring an additional 2,460 shares during the last quarter. World Investment Advisors LLC bought a new position in Snap-on in the 3rd quarter valued at about $19,291,000. Avanza Fonder AB acquired a new position in Snap-on during the 4th quarter valued at about $1,936,000. Finally, Empirical Finance LLC raised its stake in shares of Snap-on by 45.8% in the fourth quarter. Empirical Finance LLC now owns 5,906 shares of the company’s stock worth $2,005,000 after purchasing an additional 1,856 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Snap-on Stock Down 0.7 %

SNA opened at $308.64 on Friday. The company’s 50-day moving average price is $328.13 and its two-hundred day moving average price is $338.23. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.30). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the company posted $4.91 earnings per share. As a group, equities analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on’s dividend payout ratio is currently 44.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com lowered Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Barrington Research reissued an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research report on Thursday, April 17th. Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. Robert W. Baird dropped their target price on shares of Snap-on from $349.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Finally, Tigress Financial upped their target price on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Snap-on presently has a consensus rating of “Hold” and a consensus target price of $350.83.

Insider Buying and Selling at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares of the company’s stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the transaction, the chief executive officer now owns 793,932 shares of the company’s stock, valued at approximately $266,221,278.24. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 over the last three months. 3.90% of the stock is currently owned by insiders.

Snap-on Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.