Axa S.A. Has $7.26 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

AXA S.A. lessened its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 30.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,374 shares of the company's stock after selling 9,548 shares during the quarter. AXA S.A.'s holdings in Snap-on were worth $7,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SNA. Greenleaf Trust grew its position in shares of Snap-on by 3.1% in the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company's stock valued at $344,000 after purchasing an additional 30 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after purchasing an additional 31 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Snap-on by 4.5% in the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company's stock valued at $247,000 after buying an additional 31 shares during the last quarter. New York Life Investment Management LLC grew its stake in Snap-on by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock worth $2,412,000 after acquiring an additional 31 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in shares of Snap-on by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock worth $1,148,000 after purchasing an additional 34 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company's stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock valued at $12,116,859. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SNA. Longbow Research raised shares of 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. Barrington Research restated an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a report on Thursday, April 17th. Tigress Financial boosted their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. StockNews.com raised shares of Snap-on from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird lowered their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $350.83.

Snap-on Stock Down 0.4 %

NYSE:SNA traded down $1.32 on Friday, reaching $315.63. The stock had a trading volume of 158,547 shares, compared to its average volume of 361,067. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The stock has a market cap of $16.50 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $323.38 and a 200 day moving average of $338.86.

Snap-on (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.30). The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the prior year, the firm earned $4.91 earnings per share. On average, research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's dividend payout ratio is currently 44.82%.

About Snap-on

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.