Snap-On Incorporated (NYSE:SNA) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,037 shares of the company's stock after selling 1,199 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.07% of Snap-On worth $12,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in Snap-On by 4.3% during the 1st quarter. TD Private Client Wealth LLC now owns 11,390 shares of the company's stock worth $3,839,000 after purchasing an additional 472 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Snap-On by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 774,526 shares of the company's stock valued at $261,023,000 after buying an additional 15,097 shares during the last quarter. HM Payson & Co. boosted its stake in shares of Snap-On by 79.2% during the first quarter. HM Payson & Co. now owns 550 shares of the company's stock worth $185,000 after buying an additional 243 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Snap-On by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 361,809 shares of the company's stock worth $121,933,000 after buying an additional 7,742 shares during the period. Finally, World Investment Advisors raised its stake in Snap-On by 27.6% during the 1st quarter. World Investment Advisors now owns 948 shares of the company's stock valued at $319,000 after acquiring an additional 205 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNA. 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 report on Monday, March 31st. Wall Street Zen raised shares of Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Robert W. Baird reduced their target price on shares of Snap-On from $349.00 to $320.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-On in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $350.83.

Insider Buying and Selling

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, CEO Nicholas T. Pinchuk sold 23,172 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $315.85, for a total transaction of $7,318,876.20. Following the sale, the chief executive officer directly owned 804,510 shares of the company's stock, valued at approximately $254,104,483.50. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,815 shares of company stock valued at $9,482,532. Insiders own 3.90% of the company's stock.

Snap-On Price Performance

Snap-On stock traded up $2.57 during trading hours on Thursday, hitting $320.69. The stock had a trading volume of 268,402 shares, compared to its average volume of 367,843. Snap-On Incorporated has a 1-year low of $256.54 and a 1-year high of $373.90. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.26 and a beta of 0.76. The stock's fifty day moving average is $317.75 and its two-hundred day moving average is $328.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.14 and a quick ratio of 3.18.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-On had a net margin of 21.42% and a return on equity of 18.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $4.91 earnings per share. As a group, analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th were issued a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 20th. Snap-On's dividend payout ratio (DPR) is 44.82%.

About Snap-On

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.