Snap-On Incorporated (NYSE:SNA) Stock Holdings Raised by CapWealth Advisors LLC

CapWealth Advisors LLC grew its position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,955 shares of the company's stock after purchasing an additional 1,878 shares during the quarter. Snap-On makes up about 1.6% of CapWealth Advisors LLC's holdings, making the stock its 26th largest position. CapWealth Advisors LLC owned 0.09% of Snap-On worth $15,150,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Snap-On by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock valued at $2,174,233,000 after purchasing an additional 19,328 shares during the period. First Trust Advisors LP lifted its position in Snap-On by 29.2% in the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company's stock valued at $617,651,000 after purchasing an additional 411,317 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 27,700 shares during the period. Earnest Partners LLC lifted its position in Snap-On by 1.9% in the fourth quarter. Earnest Partners LLC now owns 963,866 shares of the company's stock valued at $327,213,000 after purchasing an additional 18,209 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Snap-On by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 927,564 shares of the company's stock valued at $314,896,000 after purchasing an additional 50,187 shares during the period. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Activity

In related news, CFO Aldo John Pagliari sold 5,553 shares of Snap-On stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following the transaction, the chief financial officer owned 109,560 shares in the company, valued at approximately $35,808,590.40. The trade was a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karen L. Daniel sold 1,090 shares of Snap-On stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $319.92, for a total transaction of $348,712.80. Following the transaction, the director owned 8,030 shares in the company, valued at $2,568,957.60. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,815 shares of company stock valued at $9,482,532 in the last ninety days. Company insiders own 3.90% of the company's stock.

Snap-On Price Performance

Shares of SNA traded up $0.07 during mid-day trading on Wednesday, reaching $317.15. 43,381 shares of the company's stock were exchanged, compared to its average volume of 392,512. The company has a quick ratio of 3.18, a current ratio of 4.14 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $317.67 and a two-hundred day simple moving average of $328.90. Snap-On Incorporated has a 52-week low of $256.54 and a 52-week high of $373.89. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.26 and a beta of 0.76.

Snap-On (NYSE:SNA - Get Free Report) last released 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). The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Snap-On had a return on equity of 18.60% and a net margin of 21.42%. During the same period in the previous year, the firm posted $4.91 earnings per share. On average, sell-side analysts predict that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th were paid a $2.14 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $8.56 annualized dividend and a yield of 2.70%. Snap-On's payout ratio is currently 44.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Snap-On from $349.00 to $320.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Barrington Research reiterated an "outperform" rating and set a $350.00 price target on shares of Snap-On in a research report on Monday, May 19th. Finally, Longbow Research upgraded shares of Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.