Choreo LLC Buys 3,170 Shares of Snap-On Incorporated (NYSE:SNA)

Choreo LLC boosted its stake in Snap-On Incorporated (NYSE:SNA - Free Report) by 78.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,218 shares of the company's stock after acquiring an additional 3,170 shares during the period. Choreo LLC's holdings in Snap-On were worth $2,432,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ethic Inc. boosted its holdings in Snap-On by 18.6% in the fourth quarter. Ethic Inc. now owns 9,212 shares of the company's stock valued at $3,127,000 after acquiring an additional 1,445 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Snap-On by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock worth $556,022,000 after buying an additional 27,700 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Snap-On during the 1st quarter worth approximately $218,000. OneDigital Investment Advisors LLC boosted its holdings in shares of Snap-On by 26.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 867 shares of the company's stock worth $292,000 after buying an additional 181 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Snap-On by 27.4% during the 1st quarter. Vontobel Holding Ltd. now owns 13,636 shares of the company's stock worth $4,595,000 after buying an additional 2,932 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 109,560 shares in the company, valued at approximately $35,808,590.40. This represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen L. Daniel sold 1,090 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the completion of the transaction, the director owned 8,030 shares of the company's stock, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,815 shares of company stock valued at $9,482,532 in the last ninety days. 3.90% of the stock is currently owned by insiders.

Snap-On Stock Performance

Shares of Snap-On stock traded down $0.22 during trading hours on Friday, hitting $330.11. 259,831 shares of the company's stock traded hands, compared to its average volume of 397,463. Snap-On Incorporated has a 12-month low of $266.56 and a 12-month high of $373.89. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 2.30 and a beta of 0.76. The company has a fifty day simple moving average of $319.16 and a 200-day simple moving average of $327.66. 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 (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $5.07 EPS. The business's revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Longbow Research raised Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Monday, March 31st. Robert W. Baird set a $347.00 target price on Snap-On and gave the stock a "neutral" rating in a research report on Friday, July 18th. Bank of America upped their target price on Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a research report on Friday, July 18th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $356.17.

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.