Public Employees Retirement System of Ohio Sells 848 Shares of Snap-on Incorporated (NYSE:SNA)

Public Employees Retirement System of Ohio decreased its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,644 shares of the company's stock after selling 848 shares during the period. Public Employees Retirement System of Ohio's holdings in Snap-on were worth $7,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Greenleaf Trust boosted its stake in shares of Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company's stock worth $344,000 after buying an additional 30 shares during the last quarter. WCM Investment Management LLC lifted its position in Snap-on by 4.5% during the fourth quarter. WCM Investment Management LLC now owns 727 shares of the company's stock valued at $247,000 after purchasing an additional 31 shares in the last quarter. New York Life Investment Management LLC lifted its position in Snap-on by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock valued at $2,412,000 after purchasing an additional 31 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in Snap-on by 0.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 4,164 shares of the company's stock valued at $1,414,000 after purchasing an additional 33 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in Snap-on by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock valued at $1,148,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

Wall Street Analysts Forecast Growth

SNA has been the topic of several analyst reports. Longbow Research upgraded 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 upgraded Snap-on from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. 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. 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. Finally, Barrington Research restated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $350.83.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,553 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

Snap-on Price Performance

Shares of SNA stock traded down $1.68 during trading hours on Friday, hitting $320.68. The stock had a trading volume of 631,514 shares, compared to its average volume of 364,144. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.90. 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 stock's 50-day moving average price is $321.01 and its two-hundred day moving average price is $336.92. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.21 and a beta of 0.78.

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

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be issued a $2.14 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $8.56 annualized dividend and a dividend yield of 2.67%. Snap-on's dividend payout ratio (DPR) is 44.82%.

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.