Snap-On Incorporated (NYSE:SNA) Stock Holdings Boosted by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. grew its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,549 shares of the company's stock after purchasing an additional 1,873 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Snap-On were worth $5,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Choreo LLC grew its stake in shares of Snap-On by 78.3% in the first quarter. Choreo LLC now owns 7,218 shares of the company's stock valued at $2,432,000 after buying an additional 3,170 shares in the last quarter. Ethic Inc. boosted 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 acquiring an additional 1,445 shares during the period. Geode Capital Management LLC grew its position in Snap-On by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock valued at $556,022,000 after acquiring an additional 27,700 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Snap-On during the first quarter valued at approximately $218,000. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Snap-On by 26.4% during the first quarter. OneDigital Investment Advisors LLC now owns 867 shares of the company's stock worth $292,000 after purchasing an additional 181 shares in the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNA. Barrington Research restated an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research note on Tuesday, July 15th. Bank of America increased their target price on Snap-On from $265.00 to $285.00 and gave the company an "underperform" rating in a research note on Friday, July 18th. Robert W. Baird upped their price target on shares of Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, July 18th. 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. Finally, Wall Street Zen raised Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. One investment 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $356.17.

Snap-On Stock Performance

NYSE:SNA traded up $0.24 during midday trading on Thursday, reaching $330.42. 325,369 shares of the company traded hands, compared to its average volume of 379,773. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.76. The company has a fifty day moving average price of $319.11 and a 200 day moving average price of $327.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42. Snap-On Incorporated has a twelve month low of $266.56 and a twelve month high of $373.89.

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

Insider Activity

In related news, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total value of $1,814,942.52. Following the completion of the transaction, the chief financial officer directly owned 109,560 shares of the company's stock, valued at $35,808,590.40. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,172 shares of Snap-On stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $315.85, for a total value of $7,318,876.20. Following the sale, the chief executive officer directly owned 804,510 shares in the company, valued at $254,104,483.50. The trade was a 2.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,815 shares of company stock valued at $9,482,532. Insiders own 3.90% of the company's stock.

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.