Jefferies Financial Group Inc. Has $841,000 Stock Position in Snap-on Incorporated (NYSE:SNA)

Jefferies Financial Group Inc. lessened its holdings in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 92.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,477 shares of the company's stock after selling 32,523 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Snap-on were worth $841,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bleakley Financial Group LLC acquired a new stake in shares of Snap-on during the 4th quarter valued at approximately $512,000. Vest Financial LLC increased its stake in Snap-on by 2.4% during the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company's stock valued at $34,962,000 after purchasing an additional 2,460 shares during the last quarter. Ethic Inc. increased its stake in Snap-on by 18.6% during the fourth quarter. Ethic Inc. now owns 9,212 shares of the company's stock valued at $3,127,000 after purchasing an additional 1,445 shares during the last quarter. Empirical Finance LLC increased its stake in Snap-on by 45.8% during the fourth quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock valued at $2,005,000 after purchasing an additional 1,856 shares during the last quarter. Finally, Advyzon Investment Management LLC bought a new stake in Snap-on during the fourth quarter valued at $272,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Transactions at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 109,560 shares of the company's stock, valued at $35,808,590.40. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.90% of the company's stock.

Snap-on Stock Performance

NYSE:SNA traded down $1.68 during midday trading on Friday, reaching $320.68. 631,514 shares of the company traded hands, compared to its average volume of 364,144. The company has a fifty day moving average price of $321.01 and a 200 day moving average price of $337.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. Snap-on Incorporated has a twelve month low of $252.98 and a twelve month high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.30). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the previous year, the firm earned $4.91 EPS. On average, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is currently 44.82%.

Analyst Ratings Changes

SNA has been the subject of several recent research reports. Wall Street Zen upgraded shares of Snap-on from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Barrington Research restated an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, May 19th. Robert W. Baird reduced their price objective on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. Finally, Tigress Financial boosted their price objective on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One 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's stock. According to data from MarketBeat.com, Snap-on presently has an average rating of "Moderate Buy" and a consensus price target of $350.83.

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.