American National Bank & Trust Purchases New Holdings in Snap-on Incorporated (NYSE:SNA)

American National Bank & Trust bought a new stake in Snap-on Incorporated (NYSE:SNA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,261 shares of the company's stock, valued at approximately $425,000.

A number of other large investors have also added to or reduced their stakes in SNA. Vanguard Group Inc. lifted its stake in shares of Snap-on by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock valued at $2,174,233,000 after acquiring an additional 19,328 shares during the last quarter. First Trust Advisors LP increased its stake in Snap-on by 29.2% in the 4th quarter. First Trust Advisors LP now owns 1,819,403 shares of the company's stock worth $617,651,000 after purchasing an additional 411,317 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Snap-on by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,806,278 shares of the company's stock valued at $613,195,000 after purchasing an additional 77,486 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Snap-on by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock valued at $556,022,000 after purchasing an additional 27,700 shares during the period. Finally, Earnest Partners LLC grew its holdings in shares of Snap-on by 1.9% in the fourth quarter. Earnest Partners LLC now owns 963,866 shares of the company's stock worth $327,213,000 after purchasing an additional 18,209 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Activity

In other Snap-on news, CFO Aldo John Pagliari sold 5,553 shares of Snap-on 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 completion of the sale, the chief financial officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 51,425 shares of company stock worth $16,745,583. 3.90% of the stock is currently owned by company insiders.

Snap-on Trading Up 0.1%

SNA stock traded up $0.23 during midday trading on Thursday, reaching $320.32. The company's stock had a trading volume of 46,469 shares, compared to its average volume of 363,300. 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 $16.75 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.21 and a beta of 0.78. The stock has a fifty day simple moving average of $320.13 and a two-hundred day simple moving average of $336.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15.

Snap-on (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). The firm had revenue of $1.14 billion for 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 firm earned $4.91 earnings per share. On average, equities research analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a dividend of $2.14 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $8.56 annualized dividend and a yield of 2.67%. Snap-on's dividend payout ratio (DPR) is presently 44.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SNA shares. Wall Street Zen raised Snap-on from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Barrington Research reiterated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a report on Monday, May 19th. Robert W. Baird cut their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price for the company in a report on Monday, March 31st. Finally, Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company 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.