975 Shares in Snap-on Incorporated (NYSE:SNA) Acquired by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 975 shares of the company's stock, valued at approximately $331,000.

Other hedge funds have also recently made changes to their positions in the company. Lido Advisors LLC boosted its stake in Snap-on by 81.5% during the 4th quarter. Lido Advisors LLC now owns 1,884 shares of the company's stock valued at $639,000 after purchasing an additional 846 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Snap-on by 22.4% in the fourth quarter. Northern Trust Corp now owns 798,254 shares of the company's stock valued at $270,991,000 after purchasing an additional 145,861 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Snap-on by 1.9% during the fourth quarter. Earnest Partners LLC now owns 963,866 shares of the company's stock valued at $327,213,000 after buying an additional 18,209 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in Snap-on by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 2,916 shares of the company's stock worth $1,036,000 after buying an additional 110 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Snap-on by 9.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,984 shares of the company's stock valued at $1,013,000 after buying an additional 268 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares in the company, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction dated 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 transaction, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at $266,221,278.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is owned by corporate insiders.

Snap-on Stock Performance

NYSE SNA traded up $5.17 on Friday, hitting $316.88. 326,939 shares of the stock traded hands, compared to its average volume of 359,380. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The business's fifty day moving average is $325.49 and its two-hundred day moving average is $339.32. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.21 and a beta of 0.84.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings results 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). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $4.91 EPS. As a group, equities analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be given a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's dividend payout ratio (DPR) is currently 44.82%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SNA shares. StockNews.com lowered shares of Snap-on from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Tigress Financial lifted their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a research report on Monday, March 31st. Robert W. Baird cut their price objective on 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, Barrington Research restated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $350.83.

Snap-on Company 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.