107,231 Shares in Snap-on Incorporated (NYSE:SNA) Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 107,231 shares of the company's stock, valued at approximately $36,403,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.20% of Snap-on as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was 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 in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,011 shares of company stock valued at $12,116,859. Company insiders own 3.90% of the company's stock.

Snap-on Stock Performance

Shares of SNA stock traded down $26.84 on Friday, hitting $305.16. 1,849,999 shares of the stock were exchanged, compared to its average volume of 355,833. The firm's 50 day moving average is $331.66 and its two-hundred day moving average is $337.68. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. The firm has a market capitalization of $16.00 billion, a PE ratio of 15.65, a P/E/G ratio of 2.21 and a beta of 0.84. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the firm posted $4.91 earnings per share. Sell-side analysts expect 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 Monday, March 10th. Investors of record on Monday, February 24th were paid a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.81%. Snap-on's dividend payout ratio is currently 43.90%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SNA shares. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a research note on Monday, March 31st. Barrington Research reissued an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research report on Thursday. Tigress Financial boosted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Robert W. Baird lowered their price objective on Snap-on from $358.00 to $349.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, StockNews.com cut shares of Snap-on from a "buy" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $355.67.

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.