Mn Services Vermogensbeheer B.V. Sells 2,000 Shares of Snap-On Incorporated (NYSE:SNA)

Mn Services Vermogensbeheer B.V. decreased its stake in Snap-On Incorporated (NYSE:SNA - Free Report) by 9.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,264 shares of the company's stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Snap-On were worth $6,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Snap-On by 89.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 17,951 shares of the company's stock worth $6,016,000 after purchasing an additional 8,471 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Snap-On by 7.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 21,296 shares of the company's stock worth $7,316,000 after buying an additional 1,400 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Snap-On by 443.9% in the fourth quarter. Vontobel Holding Ltd. now owns 10,704 shares of the company's stock worth $3,634,000 after buying an additional 8,736 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its position in shares of Snap-On by 3.8% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,524 shares of the company's stock valued at $517,000 after purchasing an additional 56 shares during the period. Finally, Principal Securities Inc. raised its holdings in Snap-On by 15.1% in the 4th quarter. Principal Securities Inc. now owns 6,988 shares of the company's stock worth $2,372,000 after acquiring an additional 917 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Snap-On news, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now owns 793,932 shares of the company's stock, valued at $266,221,278.24. This represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $319.92, for a total transaction of $348,712.80. Following the sale, the director now directly owns 8,030 shares in the company, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,515 shares of company stock valued at $17,094,296. 3.90% of the stock is currently owned by insiders.

Snap-On Price Performance

Shares of SNA stock traded down $0.52 during trading hours on Wednesday, hitting $306.76. The company had a trading volume of 393,747 shares, compared to its average volume of 368,203. The firm's fifty day moving average is $318.76 and its 200 day moving average is $333.22. Snap-On Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.19 and a beta of 0.78. 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 (NYSE:SNA - Get Free Report) last posted 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). Snap-On had a return on equity of 18.60% and a net margin of 21.42%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $4.91 EPS. On average, sell-side analysts predict that Snap-On Incorporated will post 19.79 EPS for the current fiscal year.

Snap-On Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th were paid a dividend of $2.14 per share. The ex-dividend date was Tuesday, May 20th. This represents a $8.56 annualized dividend and a yield of 2.79%. Snap-On's dividend payout ratio is 44.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNA. 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. Wall Street Zen upgraded shares of Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. 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 note on Monday, March 31st. Tigress Financial boosted their price target on Snap-On from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird lowered their price objective on Snap-On from $349.00 to $320.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Snap-On has a consensus rating of "Moderate Buy" and a consensus target price 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.