Snap-On Incorporated (NYSE:SNA) Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Snap-On Incorporated (NYSE:SNA - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,004 shares of the company's stock after buying an additional 10,200 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.16% of Snap-On worth $28,647,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Snap-On by 9.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,644 shares of the company's stock valued at $16,394,000 after purchasing an additional 4,134 shares in the last quarter. Choreo LLC boosted its position in shares of Snap-On by 78.3% during the first quarter. Choreo LLC now owns 7,218 shares of the company's stock valued at $2,432,000 after purchasing an additional 3,170 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Snap-On by 36.0% during the first quarter. HighPoint Advisor Group LLC now owns 1,236 shares of the company's stock valued at $383,000 after purchasing an additional 327 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Snap-On by 80.1% during the first quarter. Allianz Asset Management GmbH now owns 40,078 shares of the company's stock valued at $13,507,000 after buying an additional 17,819 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Snap-On by 2.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,041 shares of the company's stock valued at $1,362,000 after buying an additional 104 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Snap-On Stock Performance

Shares of SNA traded down $0.17 during trading hours on Friday, hitting $330.16. The stock had a trading volume of 132,838 shares, compared to its average volume of 396,503. 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 Incorporated has a 12 month low of $266.56 and a 12 month high of $373.89. The firm has a market capitalization of $17.22 billion, a PE ratio of 17.60, a PEG ratio of 2.30 and a beta of 0.76. The stock has a fifty day moving average price of $319.16 and a 200 day moving average price of $327.66.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping analysts' consensus estimates of $4.61 by $0.11. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.07 earnings per share. Analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. 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 note on Monday, March 31st. Robert W. Baird lifted their price objective on Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Bank of America boosted their price target on Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a research note on Friday, July 18th. Finally, Barrington Research restated an "outperform" rating and issued a $350.00 price target on shares of Snap-On in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $356.17.

Insider Transactions at Snap-On

In other Snap-On news, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 5,553 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer owned 109,560 shares in the company, 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. 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 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.