Asset Planning Inc raised its holdings in Snap-On Incorporated (NYSE:SNA - Free Report) by 405.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,010 shares of the company's stock after acquiring an additional 810 shares during the period. Asset Planning Inc's holdings in Snap-On were worth $340,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in shares of Snap-On by 29.2% in the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company's stock worth $617,651,000 after acquiring an additional 411,317 shares in the last quarter. Geode Capital Management LLC increased its holdings in Snap-On by 1.7% in the 4th 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 in the last quarter. Auto Owners Insurance Co raised its position in Snap-On by 35,967.2% in the first quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company's stock valued at $361,612,000 after purchasing an additional 1,070,025 shares during the period. Earnest Partners LLC lifted its stake in shares of Snap-On by 1.9% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Snap-On by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 927,564 shares of the company's stock worth $314,896,000 after buying an additional 50,187 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Robert W. Baird boosted their price target on Snap-On from $329.00 to $347.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Bank of America raised their price target on shares of Snap-On from $265.00 to $285.00 and gave the company an "underperform" rating in a report on Friday, July 18th. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-On in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $356.17.
Get Our Latest Analysis on Snap-On
Insider Activity at Snap-On
In other Snap-On news, CFO Aldo John Pagliari sold 5,553 shares of the firm's stock in a transaction that occurred 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 owned 109,560 shares in the company, valued at approximately $35,808,590.40. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen L. Daniel sold 1,090 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $319.92, for a total value of $348,712.80. Following the transaction, the director directly owned 8,030 shares in the company, valued at $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,815 shares of company stock worth $9,482,532 in the last ninety days. 3.90% of the stock is owned by insiders.
Snap-On Stock Up 0.3%
NYSE SNA traded up $0.93 during trading hours on Monday, reaching $318.72. 352,310 shares of the company traded hands, compared to its average volume of 369,799. The company has a current ratio of 4.48, a quick ratio of 3.42 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $16.62 billion, a PE ratio of 17.00, a PEG ratio of 2.21 and a beta of 0.76. Snap-On Incorporated has a 12 month low of $266.56 and a 12 month high of $373.89. The company has a 50 day moving average of $318.94 and a two-hundred day moving average of $326.66.
Snap-On (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $4.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.61 by $0.11. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the company earned $5.07 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. As a group, equities analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current year.
Snap-On Profile
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Free Report)
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.
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