Crossmark Global Holdings Inc. Has $12.82 Million Stock Holdings in Snap-On Incorporated (NYSE:SNA)

Crossmark Global Holdings Inc. cut its stake in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,037 shares of the company's stock after selling 1,199 shares during the period. Crossmark Global Holdings Inc. owned about 0.07% of Snap-On worth $12,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Snap-On by 65,113.6% in the first quarter. GAMMA Investing LLC now owns 703,003 shares of the company's stock valued at $236,919,000 after acquiring an additional 701,925 shares during the last quarter. Norges Bank acquired a new stake in Snap-On in the fourth quarter valued at approximately $145,342,000. First Trust Advisors LP lifted its stake 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 acquiring an additional 411,317 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Snap-On in the fourth quarter valued at approximately $57,738,000. Finally, Northern Trust Corp lifted its stake in Snap-On by 22.4% in the fourth quarter. Northern Trust Corp now owns 798,254 shares of the company's stock valued at $270,991,000 after acquiring an additional 145,861 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNA has been the subject of a number of analyst reports. 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. Longbow Research raised 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 report on Monday, March 31st. Wall Street Zen raised shares of Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $350.00 target price on shares of Snap-On in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $350.83.

Snap-On Trading Down 1.4%

Snap-On stock traded down $4.66 during trading hours on Monday, reaching $316.97. 245,025 shares of the company's stock traded hands, compared to its average volume of 368,690. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.18 and a current ratio of 4.14. Snap-On Incorporated has a fifty-two week low of $255.26 and a fifty-two week high of $373.90. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.30 and a beta of 0.76. The firm's 50 day moving average is $317.38 and its 200-day moving average is $329.17.

Snap-On (NYSE:SNA - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share (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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $4.91 earnings per share. On average, analysts predict that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Dividend Announcement

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

Insider Buying and Selling at Snap-On

In other Snap-On news, CFO Aldo John Pagliari sold 5,553 shares of the company's stock in a transaction dated 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 23,172 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $315.85, for a total transaction of $7,318,876.20. Following the transaction, the chief executive officer owned 804,510 shares in the company, valued at approximately $254,104,483.50. The trade was a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,815 shares of company stock worth $9,482,532. Company 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.