Snap-On Incorporated $SNA Holdings Decreased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 8.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,054 shares of the company’s stock after selling 1,016 shares during the period. Stanley Laman Group Ltd.’s holdings in Snap-On were worth $3,440,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SNA. Choreo LLC raised its stake in shares of Snap-On by 78.3% during the 1st quarter. Choreo LLC now owns 7,218 shares of the company’s stock worth $2,432,000 after purchasing an additional 3,170 shares in the last quarter. Advisors Capital Management LLC increased its position in Snap-On by 5.3% during the first quarter. Advisors Capital Management LLC now owns 1,241 shares of the company’s stock worth $418,000 after buying an additional 63 shares during the last quarter. Jump Financial LLC lifted its position in shares of Snap-On by 367.7% in the first quarter. Jump Financial LLC now owns 5,523 shares of the company’s stock worth $1,861,000 after buying an additional 4,342 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Snap-On in the 1st quarter worth approximately $1,986,000. Finally, Ascent Group LLC bought a new stake in Snap-On during the first quarter worth approximately $421,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Transactions at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,042 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the transaction, the chief executive officer owned 815,219 shares in the company, valued at approximately $261,587,472.72. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 4,731 shares of Snap-On stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $327.38, for a total transaction of $1,548,834.78. Following the transaction, the chief financial officer directly owned 111,667 shares in the company, valued at $36,557,542.46. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,898 shares of company stock worth $8,983,203. Corporate insiders own 3.90% of the company’s stock.

Snap-On Stock Performance

NYSE SNA opened at $339.61 on Friday. Snap-On Incorporated has a 1-year low of $289.81 and a 1-year high of $373.89. The company has a 50 day moving average of $332.77 and a 200-day moving average of $323.84. The company has a current ratio of 4.40, a quick ratio of 3.42 and a debt-to-equity ratio of 0.20. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.39 and a beta of 0.78.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 16th. The company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.59 by $0.12. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $4.70 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Snap-On’s payout ratio is currently 44.89%.

Analyst Ratings Changes

Several analysts recently issued reports on SNA shares. Wall Street Zen raised shares of Snap-On from a “hold” rating to a “buy” rating in a report on Saturday. Tigress Financial increased their target price on Snap-On from $390.00 to $395.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-On in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Snap-On currently has an average rating of “Moderate Buy” and an average target price of $363.57.

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.