B. Metzler seel. Sohn & Co. AG Has $1.27 Million Stock Holdings in Snap-On Incorporated $SNA

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Snap-On Incorporated by 81.3% in Q1, acquiring an additional 1,692 shares to total 3,772 shares valued at approximately $1.27 million.
• Snap-On recently declared a quarterly dividend of $2.14 per share, with a dividend yield of 2.6%, reflecting a payout ratio of 45.65%.
• The company's stock had a PE ratio of 17.34 and reported a quarterly earnings per share (EPS) of $4.72, exceeding analyst expectations.

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 81.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,772 shares of the company's stock after buying an additional 1,692 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Snap-On were worth $1,271,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Snap-On during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC boosted its stake in shares of Snap-On by 421.1% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the company's stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Snap-On by 248.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 101 shares of the company's stock valued at $34,000 after purchasing an additional 72 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Snap-On in the 1st quarter valued at $35,000. Finally, ORG Partners LLC boosted its stake in shares of Snap-On by 150.8% in the 1st quarter. ORG Partners LLC now owns 158 shares of the company's stock valued at $54,000 after purchasing an additional 95 shares in the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Snap-On Trading Up 1.5%

NYSE:SNA traded up $4.69 during trading hours on Thursday, hitting $326.54. 116,538 shares of the stock were exchanged, compared to its average volume of 370,174. The company's 50 day moving average is $323.23 and its two-hundred day moving average is $323.50. Snap-On Incorporated has a twelve month low of $268.90 and a twelve month high of $373.89. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $17.03 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.26 and a beta of 0.77.

Snap-On (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.11. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $5.07 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a dividend of $2.14 per share. The ex-dividend date is Tuesday, August 19th. This represents a $8.56 dividend on an annualized basis and a yield of 2.6%. Snap-On's dividend payout ratio is presently 45.65%.

Analyst Upgrades and Downgrades

SNA has been the topic of several recent analyst reports. Tigress Financial boosted their target price on shares of Snap-On from $390.00 to $395.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Bank of America boosted their target price on Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a report on Friday, July 18th. Barrington Research reissued an "outperform" rating and issued a $350.00 target price on shares of Snap-On in a report on Tuesday, July 15th. Robert W. Baird boosted their target price on Snap-On from $329.00 to $347.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Wall Street Zen upgraded shares of Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Snap-On presently has an average rating of "Moderate Buy" and a consensus target price of $357.00.

Insider Transactions at Snap-On

In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,042 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $320.88, for a total transaction of $7,393,716.96. Following the transaction, the chief executive officer directly owned 815,219 shares in the company, valued at approximately $261,587,472.72. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 4,731 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $327.38, for a total value of $1,548,834.78. Following the completion of the transaction, the chief financial officer directly owned 111,667 shares in the company, valued at approximately $36,557,542.46. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,898 shares of company stock worth $8,983,203. Corporate insiders own 3.90% of the company's stock.

Snap-On Company 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.