Ensign Peak Advisors Inc Has $6.46 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

Ensign Peak Advisors Inc trimmed its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,025 shares of the company's stock after selling 4,616 shares during the period. Ensign Peak Advisors Inc's holdings in Snap-on were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC acquired a new position in Snap-on in the 4th quarter worth $512,000. Vest Financial LLC lifted its holdings in Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after buying an additional 2,460 shares in the last quarter. Ethic Inc. lifted its holdings in Snap-on by 18.6% in the 4th quarter. Ethic Inc. now owns 9,212 shares of the company's stock worth $3,127,000 after buying an additional 1,445 shares in the last quarter. Avanza Fonder AB acquired a new position in Snap-on in the 4th quarter worth $1,936,000. Finally, Empirical Finance LLC lifted its holdings in Snap-on by 45.8% in the 4th quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock worth $2,005,000 after buying an additional 1,856 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following the transaction, the chief financial officer now owns 109,560 shares of the company's stock, valued at approximately $35,808,590.40. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,113 shares of company stock valued at $11,752,590. Company insiders own 3.90% of the company's stock.

Snap-on Trading Up 1.2%

SNA stock traded up $3.89 during trading on Friday, hitting $331.78. The company had a trading volume of 271,204 shares, compared to its average volume of 361,418. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $322.45 and a 200-day moving average price of $338.73. 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 $17.35 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.21 and a beta of 0.78.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.30). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $4.91 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is presently 44.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SNA shares. 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 note on Monday, March 31st. Tigress Financial raised 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 decreased their price objective on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a report on Monday, April 21st. StockNews.com upgraded shares of Snap-on from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barrington Research restated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $350.83.

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.