Deutsche Bank AG Purchases 27,127 Shares of Snap-on Incorporated (NYSE:SNA)

Deutsche Bank AG raised its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,326 shares of the company's stock after acquiring an additional 27,127 shares during the quarter. Deutsche Bank AG owned approximately 0.41% of Snap-on worth $72,420,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SNA. Bleakley Financial Group LLC acquired a new stake in shares of Snap-on in the fourth quarter valued at $512,000. Vest Financial LLC grew its holdings in Snap-on by 2.4% during the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after acquiring an additional 2,460 shares during the last quarter. Avanza Fonder AB acquired a new stake in Snap-on in the 4th quarter valued at about $1,936,000. Empirical Finance LLC raised its stake in shares of Snap-on by 45.8% in the fourth 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. Finally, Advyzon Investment Management LLC acquired a new position in shares of Snap-on during the fourth quarter worth approximately $272,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SNA. 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 report on Tuesday, March 4th. Robert W. Baird dropped their target price on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. StockNews.com upgraded Snap-on from a "hold" rating to a "buy" rating in a report on Friday. Barrington Research reiterated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Thursday, April 17th. Finally, Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $350.83.

Insider Activity at Snap-on

In related news, CFO Aldo John Pagliari sold 5,553 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $326.84, for a total value of $1,814,942.52. Following the sale, the chief financial officer now directly owns 109,560 shares of the company's stock, valued at approximately $35,808,590.40. The trade was a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the transaction, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,113 shares of company stock worth $11,752,590 in the last quarter. Corporate insiders own 3.90% of the company's stock.

Snap-on Trading Up 1.2%

Shares of Snap-on stock traded up $3.89 during trading on Friday, reaching $331.78. 271,204 shares of the company were exchanged, compared to its average volume of 360,917. The business has a 50-day moving average price of $322.53 and a 200-day moving average price of $338.75. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.21 and a beta of 0.78. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The company 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 period last year, the company earned $4.91 earnings per share. Sell-side analysts anticipate 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 will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be issued a $2.14 dividend. This represents a $8.56 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Tuesday, May 20th. Snap-on's dividend payout ratio (DPR) is 44.82%.

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.