Canada Post Corp Registered Pension Plan Makes New Investment in Snap-on Incorporated (NYSE:SNA)

Canada Post Corp Registered Pension Plan acquired a new position in Snap-on Incorporated (NYSE:SNA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 782 shares of the company's stock, valued at approximately $265,000.

Several other large investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in Snap-on by 70.5% in the fourth 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 period. SBI Securities Co. Ltd. acquired a new stake in Snap-on during the 4th quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Snap-on in the 4th quarter valued at approximately $28,000. CoreFirst Bank & Trust acquired a new stake in Snap-on during the 4th quarter worth about $40,000. Finally, TCTC Holdings LLC increased its stake in Snap-on by 41.3% in the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company's stock valued at $50,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Insiders Place Their Bets

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the firm'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 transaction, the senior vice president now owns 257 shares in the company, valued at approximately $86,817.17. This trade represents a 96.17 % 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, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the sale, 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 three months, insiders sold 36,011 shares of company stock valued at $12,116,859. 3.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNA has been the subject of several recent research reports. Barrington Research reiterated an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a report on Thursday, April 17th. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. Robert W. Baird dropped their price target on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a research note on Monday. Tigress Financial upped their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Snap-on from a "buy" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Snap-on presently has a consensus rating of "Hold" and a consensus price target of $350.83.

Snap-on Price Performance

Shares of Snap-on stock traded up $10.61 during mid-day trading on Tuesday, reaching $302.97. 48,620 shares of the stock were exchanged, compared to its average volume of 355,101. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. 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 firm has a 50-day simple moving average of $330.83 and a 200 day simple moving average of $338.39.

Snap-on (NYSE:SNA - Get Free Report) last issued 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 during 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 quarter in the previous year, the firm posted $4.91 EPS. On average, sell-side analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is 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.