Snap-On Incorporated (NYSE:SNA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 774,526 shares of the company's stock after purchasing an additional 15,097 shares during the quarter. Envestnet Asset Management Inc. owned about 1.48% of Snap-On worth $261,023,000 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. SBI Securities Co. Ltd. bought a new position in Snap-On in the 4th quarter worth about $26,000. Keybank National Association OH boosted its stake in Snap-On by 3.4% in the 4th quarter. Keybank National Association OH now owns 1,480 shares of the company's stock worth $502,000 after purchasing an additional 49 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Snap-On in the 4th quarter valued at about $57,738,000. Larson Financial Group LLC raised its holdings in shares of Snap-On by 18.0% in the 4th quarter. Larson Financial Group LLC now owns 1,632 shares of the company's stock valued at $554,000 after acquiring an additional 249 shares in the last quarter. Finally, Amundi raised its holdings in shares of Snap-On by 137.0% in the 4th quarter. Amundi now owns 201,207 shares of the company's stock valued at $68,039,000 after acquiring an additional 116,319 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

Insider Transactions at Snap-On

In related news, CFO Aldo John Pagliari sold 5,553 shares of the business's stock in a transaction dated 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 sale, the chief financial officer directly owned 109,560 shares in the company, valued at approximately $35,808,590.40. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen L. Daniel sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $319.92, for a total value of $348,712.80. Following the sale, the director owned 8,030 shares in the company, valued at approximately $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. 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 over the last 90 days. Company insiders own 3.90% of the company's stock.

Snap-On Stock Performance

Snap-On stock traded down $3.05 during mid-day trading on Friday, reaching $317.65. 260,950 shares of the stock traded hands, compared to its average volume of 367,495. The stock has a market capitalization of $16.61 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. 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 Incorporated has a 12-month low of $266.55 and a 12-month high of $373.90. The business's 50-day moving average is $317.94 and its 200-day moving average is $328.47.

Snap-On (NYSE:SNA - Get Free Report) last posted 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the company posted $4.91 EPS. As a group, sell-side analysts predict that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, May 20th. Snap-On's dividend payout ratio (DPR) is 44.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SNA. Robert W. Baird decreased their price objective on Snap-On from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barrington Research reissued an "outperform" rating and set a $350.00 price objective on shares of Snap-On in a report on Monday, May 19th. Longbow Research upgraded Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Finally, Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $350.83.

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.