Snap-on Incorporated (NYSE:SNA) Shares Bought by Earnest Partners LLC

Earnest Partners LLC boosted its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 963,866 shares of the company's stock after buying an additional 18,209 shares during the period. Snap-on accounts for approximately 1.5% of Earnest Partners LLC's portfolio, making the stock its 7th biggest holding. Earnest Partners LLC owned about 1.84% of Snap-on worth $327,213,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on 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 transaction, the chief executive officer now owns 793,932 shares in the company, valued at approximately $266,221,278.24. This trade represents 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 the SEC website. 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. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 in the last three months. Corporate insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

SNA has been the subject of several recent analyst reports. Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. Barrington Research reissued an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research note on Thursday, April 17th. Tigress Financial raised their price objective on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. StockNews.com downgraded Snap-on from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Robert W. Baird dropped their price target 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. One equities 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $350.83.

Snap-on Trading Down 0.6 %

Shares of Snap-on stock traded down $1.87 during trading hours on Thursday, reaching $311.94. The stock had a trading volume of 334,984 shares, compared to its average volume of 359,042. 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 Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.21 and a beta of 0.84. The firm has a 50 day simple moving average of $326.47 and a two-hundred day simple moving average of $338.70.

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 (EPS) 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 business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $4.91 earnings per share. As a group, equities research analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The firm 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. The ex-dividend date is Tuesday, May 20th. This represents a $8.56 annualized dividend and a yield of 2.74%. Snap-on's dividend payout ratio is presently 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.